Word: investers
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...neither is ready to create. Stuart Brotman, a communications specialist in Lexington, Mass., estimates that cable operators would have to spend $20 billion to $30 billion on digital-compression and fiber-optic technology to prepare their systems for interactive programming. The telephone companies, for their part, would have to invest $300 billion to $500 billion in fiber-optic networks before they could deliver TV-quality pictures into every American's home...
...Commonwealth of Independent States. But when mighty Chevron signed an agreement with Kazakhstan last week to develop the Tengiz field, one of the world's largest, it marked the biggest partnership to date between a U.S. corporation and a former Soviet republic. The plan calls for the partners to invest $20 billion in the venture over the next 40 years. Chevron will have a 50% interest, but Kazakhstan will get 80% of the income, after the U.S. oil company pays taxes and royalties on its share. The region could eventually produce as much as 9 billion barrels of oil, which...
...recession cuts both ways for area businesses. While the number of pages dedicated to advertisements has declined during the recession, the economic downturn has also created a window of opportunity for those businesses able to invest more in their ad budgets...
...SAYS U.S. commercial real estate is dead? Although property values have plunged more than 30% in the past five years, some people think all that empty space may yet turn to gold. Sixteen of the largest U.S. pension funds plan to invest $3.4 billion in commercial property this year, according to Price Waterhouse. That is more than twice what they spent last year. Banks and S&Ls may still be shunning the sector, but pension-fund money managers hope to pick up devalued holdings and watch the profits roll in when the industry revives...
...ruleout the possibility. Fox Chief Operating OfficerStrauss Zelnick said there is no deal currently inthe works with Brokaw, though he said he said hemight be interested in such a deal in the future.Brokaw said he thinks a deal is unlikely, thoughhe said it is possible that Harvard may continueto invest in Avenue...