Word: ge
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...once made Nauruans among the world?s richest people, but those days are long gone. It?s unknown how much remains in the phosphate royalties trust that once sustained many of Nauru?s 12,000 people, and last month, seeking to recover about $A240 million owed to America?s GE Capital, receivers PPB moved on the country?s five Australian properties...
...entertainment is a $9 billion-to-$14 billion business run with the same kind of thought and attention to detail that you'd find at GE, Mattel or Tribune Co." LARRY FLYNT, publisher of Hustler magazine, arguing against more stringent health and safety measures in the wake of an AIDS scare that has shut down production of most porn films...
...cold, remember: money has no emotions, and presumably you would still like to retire one day. Building terrorism protection into your portfolio isn't unpatriotic. Ask Jeffrey Immelt, CEO of General Electric, who in March inked a deal to take over InVision Technologies, a bomb-detection company. GE paid dearly: $50 a share, or 33 times expected earnings and double the price of a year ago. You think Immelt isn't buying protection for GE? The greater the threat, the better the business for InVision...
PLAY DEFENSE As the GE purchase of InVision shows, small-and mid-size security firms are hot bait. They will benefit from both rising government spending and being takeover targets. Among them: Armor Holdings, Verint Systems, OSI Systems and Ceradyne...
...Artists in Residence at Harvard. The quartet will be performing this Friday as part of a year-long series of performances. The program includes Janacek’s Quartet No. 1 “Kreutzer Sonata;” a selection of music by Zhou Long, Chen Yi and Ge Ganru; Tchaikovsky’s Quartet No. 1 in D, Op.11. Tickets free, limit two per person. 8 p.m. Paine Hall...