Word: euros
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Siemens [no longer] works in Marks, Alcatel in Francs and Nokia in Markka. It is all the euro zone...
CARL-HENRIC SVANBERG, Ericsson CEO, threatening to leave Sweden if its voters reject the euro this month
...That may be changing; some fund managers say they've seen growing interest in the past two weeks. But such latecomers "may have missed the big move," says Bob Parker, deputy chairman of Credit Suisse Asset Management, who still expects the rally to continue, albeit less dramatically. Carlyle's Euro Shopping Spree A secretive, well-connected U.S. financial firm may be close to achieving what European governments and companies have long failed to do: consolidate Europe's defense industry. The Carlyle Group, a Washington, D.C.-based private equity firm whose officers include former U.S. Defense Secretary Frank Carlucci and former...
...public finances last week, why would anyone bother to observe that fusty old Growth and Stability Pact? Ian Stewart, chief European economist at Merrill Lynch, is even trying to tell Europeans they look good in red. Tax cuts in the U.S. might have gone too far, but euro-zone countries should feel free to give breaks of their own. "Governments should have some control over the economy," Stewart argues. "If they choose to run very large deficits, it's not a huge problem." Now loosen that belt. Lights, Camera, IPO Want a piece of the movies? Los Angeles-based Civilian...
...veneration. In Britain, Beckham and his wife Victoria, the former Posh Spice of the Spice Girls, have replaced Princess Diana as the staple of celebrity culture, adored by young and old, men and women, straight and gay. Last week ace trend spotter Marian Salzman of the advertising agency Euro RCSG Worldwide identified Beckham--who likes to say how comfortable he is with his feminine side and who has been known to wear a sarong--as the epitome of "metrosexuality," which, since you ask, is the characteristic of heterosexual men who spend time and money on their appearance and enjoy shopping...