Word: firming
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...left with a world that even just five years ago would have seemed topsy turvy: an Indian software firm that employs 500 people in Puerto Rico, a Chinese auto-parts maker with R&D centers in Detroit and Ontario, Calif. If you're a region trying to hang on to business, geography offers little protection anymore, especially as free-trade zones proliferate in countries from Dubai to Mauritius, and burgeoning heavyweights like Turkey take out full-page ads in US magazines boasting about their university graduates and gains in GDP. "Your competitors are in your backyard...
...Kerik took care to stay in Giuliani's shadow when it mattered. By the time Kerik stepped down in 2002, Giuliani was the godfather to two of Kerik's kids. The two men then took their buddy act private: that year, Giuliani took in Kerik at Giuliani Partners, the firm the mayor set up to perform security and emergency consulting work for companies and governments around the globe. In addition, Giuliani and Kerik had their own partnership within the partnership, named Giuliani-Kerik, which consulted on prison management, threat assessment and crime reduction...
...According to the 16-count indictment handed up on Nov. 9, Interstate Industrial Corp., a hauling firm that was trying to get a business license from New York City while under investigation for possible ties to organized crime, paid $255,000 for the redesign and renovation of Kerik's apartment in the Riverdale neighborhood of the Bronx. The renovations included new walls and floors, a new kitchen, new marble bathrooms, a Jacuzzi and a "marble entrance rotunda." An official of the firm, the indictment charges, paid more than $236,000 in rent for a second Kerik apartment. At the same...
...ties to Interstate Industrial. According to his notes, the investigator, Edward Kuriansky, briefed both Giuliani and his chief counsel on the matter. Giuliani told a state grand jury last year that while he recalled Kuriansky's briefing, he had no recollection of hearing about Kerik's relationship with the firm or its principals. (Kuriansky, whose office of investigations reported to the mayor in the Giuliani era, died in July before any discrepancy could be clarified...
...bill that was floated this summer and only came out for this latest iteration with some fairly significant caveats. "We should do it in [a way that] avoids unintended consequence[s] and harm to other similarly structured partnerships in other fields," Kerry said. In Massachusetts the private equity firm that bought out the local Stop 'n Shop franchise has added 8,000 employees and 57 outlets, while Boston-based Dunkin' Donuts was taken over two years ago by another private equity firm. Then there is Charles Schumer of New York, who is the Senator representing Wall Street...