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...Wall Street is discounting GM's chances of survival. Bearish analysts say there's a 40% chance the company will go bust in a couple of years. "The forces working on the auto industry--not just on GM--are gigantic," says Gerald Meyers, a former chairman of American Motors Corp. "GM's future is undoubtedly going to be one of shrinking...
...because negotiations with outside producers would require haggling over fees. (Thus no My Name Is Earl for NBC, which buys it from Fox's production studio.) But the deals may multiply quickly. DirecTV has said it is pursuing deals with other networks, and Fox, its sister company in News Corp., is experimenting with distributing shows online. NBC and others are exploring an arrangement like ABC'S with iTunes. And while the networks are selling the same shows they put on-air, expect future offerings to be sweetened, like DVDs, with extras and original content...
...thought he was crazy sinking money into leases with untested, unstable countries. Today, with a barrel of crude at close to triple that price, demand soaring and experts sounding alarms about depleting reserves, the majors are following Van Dyke's lead. In the offices of Houston-based Vanco Energy Corp., of which Van Dyke is chairman, you can see where this wildcatter is placing his bets. African tribal masks and art adorn the lobby and a 6-ft.-high, full-color topographical map of the African continent dominates one wall. Van Dyke has spent more than $100 million looking...
DIED. PRESTON ROBERT TISCH, 79, philanthropic financier and co-owner of the New York Giants who with his brother and longtime business partner Laurence built a group of hotels into the Loews Corp., one of the nation's largest conglomerates; in New York City. As the outgoing half of the fraternal duo, Bob Tisch, who once served as U.S. Postmaster General, is credited with inventing the "power breakfast," originally a meeting of corporate and civic leaders who gathered at his Regency hotel in the 1970s to help solve New York City's economic woes. Later he boosted tourism as chairman...
Follow the Leader Inventor: Toshiba Corp Availability: Prototype only To Learn More: www.toshiba.co.jp/about/press/ 2005_05/pr2001.htm Robots may not invade anytime soon, but there's no denying that they're getting smarter. The ball-shaped ApriAlpha uses advanced voice-recognition technology to distinguish between voices coming from different locations. When Alpha hears a voice, it fixes its steely digital-camera eye on the person speaking. The taller ApriAttenda can identify a person in a crowd by the color of his clothes and shape of his body, and then follow its target. It even bleeps when it loses track...