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...highest authorities" for a $1.5 billion China plant, only to be dressed down later by China's all-powerful State Tobacco Monopoly Administration (STMA). Apparently, the STMA was left out of the loop and the deal hit a wall. The Marlboro Man will need a surer grip to grab this bull by the horns...

Author: /time Magazine | Title: Galloping into China | 9/6/2004 | See Source »

...mission run by NASA'S Jet Propulsion Laboratory in Pasadena, Calif., was launched in August 2001 to solve a cosmic conundrum. Although the sun and the flood of particles it radiates make up 99% of all the matter in the solar system, earthlings have never been able to grab hold of much of that so-called solar wind, beyond a tiny bit collected by several of the Apollo missions. Earth's magnetic field causes the stream of hydrogen, helium and other elements the sun gives off to flow around our world like river water around a rock...

Author: /time Magazine | Title: Space: Here Comes the Sun | 9/6/2004 | See Source »

...tiny one-woman shop into a $17 million-in-sales company that is now listed on the Australian Stock Exchange after buying a company in Perth that operates Western-style medical clinics in Asia. MedAire, which is based in Tempe, Ariz., made the acquisition in an effort to grab a bigger slice of the estimated $1 billion medical-assistance market for travelers, with Singapore-based International SOS gobbling up some 40% of the industry's revenues...

Author: /time Magazine | Title: Travel: MedAire Is Everywhere | 9/6/2004 | See Source »

...Finance Minister, Nicolas Sarkozy, don't bet on seeing a white flag. Last week France's worst-kept secret was confirmed by the news that Sarkozy will seek the presidency of Chirac's own Union for a Popular Movement (ump) party. The wildly popular Sarkozy, a shoo-in to grab the ump's leadership position in November, will try to use the party's mighty electoral machine to win the 2007 presidential election himself. Chirac hasn't yet said if he'll run for a third term. For months he's tried to prevent Sarkozy from taking over...

Author: /time Magazine | Title: Ready For The Showdown | 9/5/2004 | See Source »

...where it has a network of some 3,900 branches and 52,200 employees. In buying Abbey, Santander gets crucial diversification as well as entry into Europe's most profitable loan market. A potential worry for Botin: the British deal is so sweet, a rival bank may try to grab Abbey from his grasp. --By Charles P. Wallace...

Author: /time Magazine | Title: World Briefing: Aug 23, 2004 | 8/23/2004 | See Source »

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