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...story "Shaky Footing" on the Indian economy [Jan. 12], we mistakenly said that Oil & Natural Gas Corp. is the largest oil refiner in India. In fact, it is the largest oil producer. Indian Oil Corp. is the largest oil refiner in the country...
Through no choice of his own, Donald Campbell, 47, a computer tech-support representative, got to play this game last fall. Campbell had worked in the information-technology field for several Los Angeles--area companies before joining Candle Corp., which makes computer system--monitoring software, 412 years ago. Campbell, who has two grown children and a 7year-old, worked in a call center answering questions about the software. He earned $60,000 a year. Last fall Candle closed the center and transferred the work to India. Says Campbell: "When you take the high-tech industry and send it overseas, where...
Satellite TV company Star Group, the Asian arm of News Corp., turned its first profit last year, thanks largely to revenue from selling ads and content in India. Guthrie, 38, who took Star Group's helm in November after heading regional distribution and business development, aims to continue that momentum. In China, she's seeking to expand channel distribution and break even by 2005. Guthrie will also guide the launch of a pay-TV service in India later this year...
...Hong Kong-listed stocks of mainland companies are called, spiked 152% in 2003. Now that investors are back, Chinese companies are rushing to raise cash. This year will bring a bevy of highly anticipated IPOs, including Ping An Insurance, China's second largest insurer, telecom company China Netcom Corp., and possibly China Construction Bank, one of the mainland's four largest banks. Accounting firm PricewaterhouseCoopers estimates that Chinese companies will raise $10 billion in IPOs in Hong Kong this year, about 50% more than...
Micky Arison thinks so. Arison is CEO of Carnival Corp., the cruise-industry behemoth that bought the venerable but floundering Cunard Line, which operates the QM2. "The concept of the Queen Mary was the reason for the acquisition," Arison says. Plans to build the big liner were announced within months of Carnival's 1998 takeover of Cunard, and Arison believes he can make $120 million from the QM2 "in a good year...