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Engine Trouble Enigmatic British billionaire Bernie Ecclestone has ruled Formula One racing for almost 30 years through a web of firms. But London's High Court last week handed Speed Investments - a consortium of Bayerische Landesbank, JPMorgan and Lehman Brothers - control over Formula One Holdings (FOH), one of the companies...

Author: /time Magazine | Title: Bizwatch | 12/12/2004 | See Source »

Success for Rutan's maverick creation was by no means assured. There were 24 teams competing for the X Prize purse, which was set to expire at the end of this year. Modeled on the Orteig Prize--which motivated Charles Lindbergh's celebrated transatlantic flight in 1927--the X Prize...

Author: /time Magazine | Title: Coolest Inventions 2004: Invention of the Year: The Sky's the Limit | 11/29/2004 | See Source »

SpaceShipOne's lift-off is inventive too. The vehicle is carried aloft tethered to the belly of a futuristic cargo plane dubbed White Knight, which takes off effortlessly and then climbs in circles of ever increasing altitude for an hour. Just when you think White Knight has disappeared from sight...

Author: /time Magazine | Title: Coolest Inventions 2004: Invention of the Year: The Sky's the Limit | 11/29/2004 | See Source »

That said, a number of the good-to-great companies did undertake significant acquisitions, but--and this is the key point--they did so in circumstances that clearly differed from those of the mediocre comparisons. First, they never tried to use a big acquisition to ignite a breakthrough but attempted...

Author: /time Magazine | Title: The Merger Mystery | 11/29/2004 | See Source »

The redesigned 2005 Honda Odyssey can seat eight, has 17 cup holders and gets about 20 m.p.g. in the city. (If all those cup holders are being used, forget the gas mileage, since you will be pulling over every 10 minutes.) The family-friendly conveniences continue with remote-entry side...

Author: /time Magazine | Title: A New, Thirst-Quenching Odyssey | 11/29/2004 | See Source »

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