Word: doubledealing
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This year, the planning board jumped from six to 11 members, and publicity efforts doubled, with posters displayed throughout the Boston area.
Landry & Kling, a Miami-based company specializing in meetings at sea, says that while the bulk of its business continues to be incentive trips, the percentage of corporate meetings has more than doubled, from 6% to 16%, in four years. For instance, last year 156 employees from Kelly Services' Scientific...
GAINING ON GOLIATH Exchange-traded funds are growing rapidly. In December they attracted nearly as much new money as mutual funds, which netted $11.6 billion. ETFs are relatively new pooled investment vehicles, whose shares can be traded throughout the day. Total assets doubled last year, to $72 billion. Impressive but...
TELEBONDING Last week France Telecom sold a record $16.4 billion in bonds, proving that deals can be done in this battered sector, but at high premiums. The bonds (the 10-year coupon pays 7.75%) include step-up coupons that pay more if credit ratings drop. Downgrades have outnumbered upgrades for...
M.S. Swaminathan, architect of the Indian "green revolution" in the late 1960s that doubled crop yields in just four years, painted a confident picture on Friday of sustained rises in agricultural output in the developing world, fueled by genetically-modified foods and other new technologies.