Word: finnish
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...their 20s and 30s who find themselves drawn to the sounds of early video games, to blend those electronic bleeps and bloops with rock, pop and hip-hop. Chiptune is still relatively obscure: in 2007, hip-hop artist Timbaland got in trouble for sampling a tune composed by a Finnish chiptune musician in one of his songs. That same year, a rapper named Megaran released a Mega Man-themed album that landed him a deal with video-game publisher Capcom. But so far, that's pretty much it. Chiptune music's lo-fi, bleepy asthetic works well with songs...
...naval vessels - reported to include nuclear submarines - have been dispatched to search for the Arctic Sea. Russian President Dmitri Medvedev instructed the country's Defense Minister, Anatoly Serduykov, to "take all necessary measures to locate, monitor and, if necessary, to free the missing vessel," a Defense Ministry statement said. Finnish police have said they are also helping with the search. (Read "Medvedev and Obama: Sunshine in Moscow...
...arbitration and other legal wranglings as TVO, Areva and other companies involved seek compensation for escalating costs. Analysts say many of the problems stem from Areva's impossibly low bid. "Though getting the world's first third-generation reactor completed will give Areva some big advantages over rivals, the Finnish project has cost it a lot in terms of credibility, and a lot of people are looking on saying: 'You mean if you ever complete it,' " says Barnett. "Westinghouse will complete its third-generation reactor in China later, but it will be able to say it did so on time...
...Areva has benefited from nuclear power's second coming as much as any other company. But its 2008 profits - $824 million on $18.4 billion in sales - were down 17% from 2007, due mostly to a whopping $2.4 billion write-down linked to construction troubles with its Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi...
...need all her savvy in the months ahead. Besides getting its Finnish project back on track, Areva's biggest concern is money. The company needs about $14 billion in capital to finance its business for the next several years - and another $2.8 billion to buy Siemens' joint-venture stake. Spinetta's plan calls for the state to sell 15% of Areva to new investors. Leading potential buyers include Mitsubishi - a frequent Areva partner - and Abu Dhabi's flush sovereign wealth funds. (Read: "Abu Dhabi: An Oil Giant Dreams Green...