Word: investor
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Viacom's aim, CEO Philippe Dauman said at an investor conference, was to "show our content in an environment we control." But online audiences gravitate toward neutral platforms that old-line media companies don't control, from Google's search box to Apple's iTunes Music Store--and to YouTube, which already gets more traffic than all the TV-network websites combined, according to research firm Hitwise. "Eventually all of the copyrighted content will be available on virtually all of the sites," Google CEO Eric Schmidt said in an interview on Bloomberg TV. "The growth of YouTube, the growth...
...clothes and say, 'I like that--buy 10 of that. I like that--buy 10,000 of those,'" says Jim Coulter, the founding partner at Texas Pacific who recruited Drexler. Or, as J. Crew president Jeffrey Pfeifle says, "It's like allocating a portfolio--and Mickey is a great investor...
...Roller-coaster rides are not unusual for China's stock markets, which sometimes resemble a casino in Macau. What happened next, however, was decidedly unusual. Investors in New York's equity markets woke up, saw that Shanghai had tanked, and had a collective heart attack: they sent the Dow Jones industrial average down more than 400 points, its biggest single-day drop since Sept. 17, 2001-the first trading session after the terrorist attacks of 9/11. The drop in New York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions...
...TIME: The interim government introduced capital controls that it had to quickly roll back and has proposed amendments to the Foreign Business Act, both of which hurt investor confidence. SONTHI: Foreign investors worry about stability and security before they invest. It is our duty to secure this stability and security. Since Sept. 19, we have issued a clear statement to foreign investors that any agreements that have been signed or will occur in future will be [valid]. What we want is business as usual...
...looking for an explanation of the wild behavior of financial markets in recent days, this failure to get a grip on risk is as good a one as any. Many analysts attributed the mini-panic that began in Shanghai to a sudden change in investor "risk appetite." But why now? What suddenly made everybody see the future as riskier...