Word: francos
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...watch what they do, not what they say: officials on both sides say the move is largely an attempt to patch up bad feelings in Germany over recent French market interventions. Berlin was openly critical of France 's active support for Sanofi-Synthélabo's takeover of Franco-German drug firm Aventis. And as it seeks to bail out ailing engineering company Alstom , France so far is blocking Germany 's Siemens from acquiring divisions...
...authorities, Yukos as a company was sound. Can Gerashchenko save the day? Roland Nash, analyst at Moscow-based Renaissance Capital, says the move is simply "papering over cracks." Still, Gerashchenko is expected to be elected chairman after shareholders meet in late June. Compensation Overdose? Igor Landau, the CEO of Franco-German drug company Aventis, fought off a hostile takeover attempt by France 's Sanofi-Synthélabo for three turbulent months. But he caved in last week and agreed...
...inventor Ed Kelley suddenly discovered that his telephone calling card had been canceled?the number had been stolen and used for exorbitant calls to Central America and Asia?he decided he'd had enough. To put an end to swiped identities and pilfered credit cards, he and IBM engineer Franco Motika set about developing a new generation of smart cards. The recently patented, theftproof card contains a computer chip and features a tiny numerical keypad right on its face. The cardholder inputs a PIN, stored directly in the card's circuitry; the same code must be entered before each...
...Kelley suddenly discovered that his telephone calling card had been canceled - the number had been stolen and used for exorbitantly priced calls to Central America and Asia - he decided he'd had enough. To put an end to swiped identities and pilfered credit cards, he and IBM engineer Franco Motika set about developing a new generation of smart cards. The recently patented, theftproof card contains a computer chip and features a tiny numerical keypad right on its face. The cardholder inputs a PIN, stored directly in the card's circuitry; the same code must be entered before each...
...would stump up several billion dollars to rescue debt-ridden Mitsubishi. Investors sighed with relief: DaimlerChrysler stock shot up over 7% on the announcement. A global turnaround? Not yet. Speed limits vary. - By Adam Smith Hard To Swallow Swiss drugmaker Novartis accepted an invitation for merger talks from Franco-German Aventis. A deal won't be easy: the French government is against foreign ownership of Aventis, favoring the hostile €46 billion bid from its own Sanofi-Synthélabo...