Word: investive
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Though many are still owned by families or small private partnerships that value tradition, the grande dames are enjoying a renewed commitment by managements willing to invest in the future--and to offer an expanding number of affordable packages. Here's a guide to some of the best...
CHURCH INC. Faith plays a huge role in investing: "You gotta believe" in your stocks. But what of religious faith? Roman Catholics can now invest behind their beliefs by following the Carlisle Catholic Indexes, which since Jan. 1 have tracked companies that are in line with church mores on tobacco, lending, warfare and sex. Workplace discrimination and environment, though not the Catholics' touchiest issues, were generally why companies were excluded...
...Lately, however, the baron's luck has turned bad: a financial time bomb has exploded under his feet. Seillière's troubles started when a friend persuaded him to invest $40 million for a 51% stake in the private French airline AOM in 1999. Though Seillière knew nothing about the airline business, he was assured that SAirGroup, the parent company of Swissair, would manage everything. More than Seillière's money, the Swiss needed him to serve as majority shareholder because European Union regulations bar non-E.U. investors from controlling E.U. companies...
...smaller ones. These networks will provide broad coverage two or more years ahead of similar service in Europe, achieving lower cost and higher data rates, and always-on access to the Internet for PCs, phones and PDAs. Operators in the U.S. can provide 3G without the need to first invest large sums to license new spectrum because CDMA systems, allowed here but not yet in Europe, efficiently use existing spectrum...
...Pusey concluded that Harvard’s aim should be to play the role of “good citizens in the conduct of [their] business,” and not invest in companies that violated “fundamental and widely shared ethical principles...