Word: firm
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...year after that; an increase in the availability of a cleaner ethanol-gasoline mix known as E85; and 10% of the region's electricity to come from renewable sources by 2015, with an increase to 30% by 2030. The plan also calls for reductions in greenhouse gases - though no firm targets - and the establishment of a regional cap-and-trade system...
...behind Moscow's first connection to cable TV and high-speed Internet? He's Frank Baker, 73, a U.S. naval officer in the Korean War. Baker is president of a small New York City venture-capital firm, Andersen Group, that plans to close a $40 million deal to purchase 51% of ComCor-TV (CCTV), a Moscow broadband provider, in the fall. CCTV has wired some 130,000 dwellings in the city and plans to connect 70,000 more in the upscale Central Administrative District by next March. A 47-channel package, which includes Russian-language versions of Animal Planet...
...family firm, there is that moment when parent and boss intersect. For Hong Kong billionaire William Fung, that moment has arrived, and with it comes his own special predicament. In 1972, as a brash 23-year-old fresh out of Harvard Business School, he reluctantly joined Li & Fung, a trading company co-founded by his grandfather. William's first move was "to get rid of the family deadwood," he says, by taking the company public. His son Terence, 25, recently joined the business, and William, a drafter of Hong Kong's mini-constitution who is famous for having a judicious...
...billion by 2007. In August it paid $124 million for the U.S.-based Briefly Stated, which produces pajamas, underwear and T shirts for such diverse brands as Professional Bull Riders Inc. and Catwoman. Eradicating the middleman role for some products could open up other opportunities for the firm too. "This will help us do business with certain retailers in the world which we haven't been able to before--like Wal-Mart," says Bruce Rockowitz, president of Li & Fung's trading division. The Fungs "tend to be visionary," says Paul McKenzie, head of consumer research in Hong Kong for investment...
That's a lucky thing because in the globalized manufacturing jungle, it's not survival just of the fittest but also of the nimblest. When Fung took the firm public in the early 1970s--the first Chinese trading company to list on a stock market--he displayed his knack for timing. Unencumbered by generations of cousins and uncles, Fung was able to take advantage of the dawn of the roaring Asian tigers, moving his manufacturing operations to Taiwan and South Korea, then Thailand, Indonesia and the Philippines, networking with Asia's entrepreneurial Chinese diaspora. Today about half the firm...