Word: giante
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...algorithms that pick out minute pricing discrepancies and take advantage of them. The profits on these transactions may be small, but funds multiply them many times over by leveraging their investors' capital. This strategy can go awry - as it did spectacularly in 1998 when Long Term Capital Management, a giant U.S. fund whose founders included two Nobel laureates, lost $4.6 billion after Russia defaulted on its government bonds. Long Term Capital Management was heavily leveraged. It had equity equaling only 3% of its assets. That's the equivalent of a $3.3 million home-equity loan on a $100,000 house...
What's in a number? If it's $586 billion - about 20% of China's GDP in the first three quarters of 2008 and the size of a giant economic-stimulus plan for just the next two years - then the number is a figure of considerable value, real as well as symbolic. The money, Beijing announced on Nov. 9, would go mainly to new infrastructure, homes, schools and clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land...
...year history that the company has revamped its logo, and the first since 1987. Some have likened the look to President-elect Barack Obama's rising-sun-over-the-horizon campaign iconography. Although there's no evidence that Pepsi modeled its logo on Obama's, the soda giant probably wouldn't mind riding the President-elect's wave of success, particularly his popularity among global youth. (See the Top 10 Super Bowl...
...industry titans Coke and Pepsi have marketed against each other for decades, but the bitterest new battleground is China. Coke has grabbed about 54% of China's soda market, according to Euromonitor International, while Pepsi has 31%. And Coke is gunning for more. The giant recently moved to acquire one of China's biggest drinkmakers, the China Huiyuan Juice Co., for about $2.3 billion. The deal still requires government approval, but if completed, it would give Coke control of a rising star that has 46% of China's fresh-juice market...
Then there are the firms that are not traditional banks that are starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx could receive as much as $3.5 billion in federal aid. GE Capital is also reportedly looking into applying for a Treasury investment. The troubled finance unit of industrial giant General Electric could receive as much as an $18 billion investment. What's more, a number of members of Congress...