Word: firms
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...store closings are a significant slice of Starbucks's operations, representing 8% of company-owned stores in the U.S. and 7% of the firm's global workforce. They account for some 19% of company-owned stores built since October 2005. But more than a third of the Starbucks in the U.S. are run by licensees - you'll find them in airports and on the turnpike - and so far there are no plans to shutter any of those. Nor are there plans to close any international stores, which are a small part of the company's overall profits but its biggest...
...Munich-based firm Giesecke & Devrient, which reportedly supplies about half the southern African country's skyrocketing needs for paper to print money, made the decision after its president received a phone call Tuesday from German Foreign Minister Frank-Walter Steinmeier...
...more ill-suited to his latest role as an unlikely fugitive than he was to his earlier stint as a hedge fund manager. In both cases, he proceeded despite obvious warning signs, making up for what he lacked in talent with deception. At the inception of his Bayou investment firm, Israel distributed a partially fabricated resume to attract clients. And when the inaptly named Bayou Superfund lost $35 million in 2003, Israel simply reported that it made $25 million instead, and invented an accounting firm to certify his fraudulent claims. Long after those heady days in which he decorated...
...pattern of duplicity has a likely source. Israel is the scion of a prominent New Orleans family that founded a successful commodities trading firm. Throughout his life, he has consistently fallen short in his attempts to live up to that legacy, and consistently tried to make up for the difference by pretending. As he wrote earlier this year, "Ever since I can remember, I met people everywhere that have told me they know my family either directly or by reputation. I cheated my investors because I was afraid to admit my failure. I did not want the world to think...
...China and India, will try to set a long-term goal for reducing global greenhouse gas emissions. Speaking in Tokyo, Blair urged world leaders to commit to cutting global carbon emissions 50% by 2050 - including developing nations, which have no obligations under Kyoto - and paving the way toward a firm interim target for cuts by developed nations by 2020. Without near-term goals, a promise to cut emissions four decades in the future is virtually meaningless. But for years many developed nations - most significantly but not solely the U.S. - have been reluctant to fix themselves to carbon caps while major...