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...late October, blood-equipment maker Haemonetics Corp., of Braintree, Mass., invested $5 million in Arryx to help develop a machine that would remove a blood donor's platelets, used for clotting. Under the deal, Haemonetics has agreed to make payments of $7.3 million and $5 million when Arryx hits predetermined development breakthroughs...
...Unilever, with grass-roots campaigns like storefront tastings for brands such as Hellman's mayonnaise and Rag?? spaghetti sauce in Hispanic neighborhoods, are also active. But P&G spent $107 million on Spanish-media advertising in the first nine months of 2004, tops in the U.S. (excluding Lexicon Marketing Corp., which sells products that teach English to Spanish speakers...
...Ningxia's blithe entrepreneurial spirit isn't the exception in China?it's the rule. The news last week that one of the mainland's big three oil companies, China National Offshore Oil Corp. (CNOOC), is interested in purchasing California-based energy firm Unocal Corp. was just the latest evidence of a government campaign introduced at the 2002 Communist Party Congress to raise China's global economic profile by snapping up foreign assets. Beijing has even coined a catchphrase for its policy?"Going Out"?to encourage Chinese firms large and small, from Nanjing to Ningxia, to invest abroad...
...analyst Jessica Reif Cohen. By 2008, Cohen projects, the business will grow to $3.9 billion annually. The biggest beneficiaries: Time Warner, which owns HBO, Warner Bros. and New Line (and this magazine); Viacom, with its Paramount and MTV divisions; and 20th Century Fox, which is mostly owned by News Corp. Big-name actors like James Gandolfini of The Sopranos and Dave Chappelle of Chappelle's Show are grabbing for a bigger piece of the DVD pie during contract negotiations. --By Barbara Kiviat
AWARDED. An $8.1 million settlement to SHUJI NAKAMURA, 50, engineer who helped Nichia Corp. develop the blue light-emitting diode (LED), a semiconductor device used in everything from cell phones to traffic lights; by Tokyo's High Court; in Tokyo. Piqued by a $200 bonus for what Nichia claimed was merely a contribution to a team project, Nakamura sued his former employer in 2001, seeking a greater share of the profits from its LED patents and winning $194 million from a district judge. Although that decision was overturned, the $8 million payout, which Nakamura reluctantly accepted, marks the largest-ever...