Word: generalis
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...easing of restrictions will give a boost to business in the city. Paris lost some 200,000 jobs over the 1990s, mostly to complexes around the periphery such as La Défense to the west. Recently, bank Crédit Foncier de France and insurance giants Aviva and Generali have moved operations - and jobs - from central Paris to the suburbs. Big projects won't happen in the historic heart of Paris, but rather at the edges: the old industrial quarter along the Seine in the 13th is already under development, and other sites along railroad concentrations in the north...
...reborn firm recently won a test carried out by four U.S. agencies. L'OREAL: Even in difficult economic times, consumers still want to look fabulous. That's propelling the French cosmetics giant's sales - up 10.4% in the first three months of this year - despite American boycott calls. GENERALI: European insurers were crushed by falling stock markets and will be the first to benefit from an upturn. This Italian insurer could have two added bounces: it's better capitalized than many rivals and its messy ownership structure has just been simplified. LOSERS BAE: You might think defense contractors would thrive...
...moon. THE BOURSE Bear market bargain Hamleys, the British toy-retailing institution, used the economic downturn to go bargain shopping, buying defunct English Teddy Bear Co. for $1.1 million. Disastrous Insurance Europe's ailing insurance industry claimed a few more casualties. Top executives at Italy's Assicurazioni Generali and Britain's Royal & Sun Alliance stepped down, and Sweden's Skandia put its once-lucrative U.S. arm up for sale. The Engine That Could China restored its 30 million Internet users' access to the Google search engine. Alta Vista remained blocked. British Energy's meltdown Britain's government threw British Energy...
...Montedison MONTEDISON: A Milan-based conglomerate (2000 revenue: $12 billion) with holdings in energy, agriculture, engineering, and chemicals. Among Montedison's key holdings is a majority stake in power producer Edison. MEDIOBANCA: Besides its position as Italy's largest merchant bank, Mediobanca also holds stakes in the giant insurer Generali and the media and fashion group HdP. Until Italenergia came along, its 15% ownership of Montedison made it the controlling shareholder. FIAT: Although best known as a carmaker, Fiat has subsidiaries in aviation, insurance, and publishing. It owns over 10% of HdP. It has teamed up with state-owned French...
Getting the Williams sisters more committed, though, might result in everyone else's playing for third place. Last month Venus, 20, skipped a week of classes to play the Generali Ladies Open in Austria, where her 35-match winning streak--including Wimbledon, the U.S. Open and the Olympics--was snapped in the finals by Lindsay Davenport. Serena, 19, who won the Princess Cup in Japan in early October, has jumped to No. 7 in the WTA rankings. Venus is ranked third, only because she missed the first five months of the year because of an injury. Since June...