Word: corpe
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...Xanadu, an enormous New Jersey mall complex. Designed as the largest movie-theater complex in the U.S., it will feature 26 screens and a helipad to fly in celebrities from nearby New York City for premieres. "We're a starstruck nation," says Larry Siegel, CEO of developer Mills Corp. For most of us, these posh new cinemas may be the closest we'll get to being treated like one. --With reporting by Desa Philadelphia/Los Angeles
...trying to figure out how to turn the cacophony of personalized information into usable form - and viable businesses. They call it the Shared, Trust or Referral Economy, and it is the current obsession of every Web company from Amazon to Yahoo!. Consider: in July, Rupert Murdoch's News Corp. spent $580 million to acquire Intermix Media, a U.S.-based company whose prime asset is MySpace, a site that lets members share their blogs, photos and favorite music. In March, Yahoo! bought Flickr, a photo-sharing website, for an undisclosed sum. All that activity makes sense, given the rapid growth...
...officials now believe that every province does not need to be completely pacified before U.S. troops pull out. In the past three months, the Pentagon has concluded that the war against the insurgents "is not winnable in the near term," says Seth Jones, an Iraq expert at the Rand Corp. Pentagon officers have been reviewing other insurgencies' histories, which indicate that the rebels take, on average, nine years to defeat...
...August 4, the entire board of China National Offshore Oil Corp. (CNOOC), the Chinese oil company that had tried to make history by buying Unocal, the eighth-largest oil company in the U.S., gathered at its Beijing headquarters for a postmortem. Thirty-six hours earlier, the company's CEO, Fu Chengyu, had made it official: after fencing with Chevron, the U.S.-based "super major'' oil company, for the right to buy Unocal and its extensive oil and gas assets in Asia, CNOOC was giving up the fight. The Chinese firm had been spooked both by political opposition...
What single factor may explain why Whirlpool Corp. no longer donates to Planned Parenthood, why the Walt Disney Co. has a Roman Catholic priest on its board of directors and why Best Buy is cracking down on minors who try to buy shoot-'em-up video and computer games? Answer: a bunch of Catholic investors and their allies want it that...