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...Alwaleed: No. You have to understand that our involvement in the recapitalization of Citi is a long-term thing. It's not a one-, two-, three-year plan. In January 1991, I was the only investor in Citigroup at that time, with around $600 million. The next year, things didn't go well, but over the next decade, things really boomed dramatically. You have to look at the investment in Citi as a long-term thing...
...containers, which often means they contain BPA; avoid canned foods for children; and don't microwave plastic food containers that contain the chemical, as heat can make it easier for BPA to leach. Ultimately, though, it may not even matter what the FDA does - a new report by the Investor Environmental Health Network says that consumers, manufacturers and retailers are already forgoing the chemical, buying and selling BPA-free bottles and other products. Wal-Mart and Toys 'R Us have already announced their intention to shift away from products containing BPA. Which shouldn't be surprising - in America, commerce leaves...
...days before making his "irrational exuberance" speech in 1996 suggesting the market was overvalued. But prices kept rising, and Greenspan concluded that he shouldn't try to outguess the market. Other economists have since shown that acting on Shiller's bearish advice then would have cost an investor big gains over the subsequent decade. One man was no match for the bull's momentum...
...deal. When Nestlé acquired Rowntree in 1988, there were similar predictions of industry consolidation that never materialized, he says. "I don't think I'd be a proponent of the domino theory of consolidation." He insists he's committed to achieving revenue and margin growth targets to restore investor confidence and sees Cadbury as more of an acquirer than an acquiree. "We're always looking for the right bolt-on acquisition," he says...
...early assessment is that the past few days have set Georgia's economy back four or five years. It's not just damage to infrastructure, he says, but the negative impact on investor confidence. He blames Russia. "We know what it is like to be part of the Soviet Union, and [we are] a people who love freedom," he says. "They are setting an example here in Georgia to the whole region: 'If you mess with us, this is what we can do to you.' " Still, says Amaglobeli, Georgia has made its own mistakes. "Through words and deeds, [we] have...