Word: globalization
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Dates: during 2000-2009
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...reason Citi stock is higher is simply that the market thinks that most of the trouble at the bank is over. That may not be true at all, but traders are gamblers and they going are "all in" on Citi. (See pictures of the global financial crisis...
...pictures of the global financial crisis...
...Rohm and Haas (ROH) was about firing people. Pfizer (PFE) bought drug company Wyeth (WYE) for the same reason. Being in the pharmaceuticals business is not what it used to be. Blockbuster drugs face competition. Keeping hundreds of research scientists around is expensive. (See pictures of the global financial crisis...
...pictures of the global financial crisis
Like most multinational corporations, Unilever, the Anglo-Dutch household-products giant, is feeling the sting of the global recession. But at least one part of Unilever's empire is doing fine. Several years ago, the company launched a corporate-social-responsibility (CSR) program, in which it hired thousands of Indian women to sell the company's soaps, detergents and other items in their home villages, most of them too small and remote to rate a visit from a Unilever sales representative. The program, called Shakti (Energy), was meant to aid some of the company's poorest customers...