Word: investors
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...company invited 150 analysts to a seminar in Miami last October that was the highlight of its investor-relations campaign. But on the evening before the seminar started, Brabeck let slip over drinks that Nestle had an option to acquire the French cosmetics company L'Oreal in 2004. When the markets opened the next morning, Nestle stock tumbled on fears about what such an acquisition would do to its already growing debt. Brabeck kicked off the seminar with an angry lecture, complaining that his remarks had been misinterpreted and reading aloud extracts from the option agreement with L'Oreal...
...people who make sure that the 15,000 homes and businesses in this quiet suburb 30 miles southwest of Washington have electricity, water and sewer service. They were never interested in getting into the broadband business--in fact, officials are keen to franchise the operation to an outside investor--but that's exactly what they did when they deployed broadband over power lines, or BPL, on the Manassas grid earlier this year and made accessing big bandwidth as easy as plugging in a toaster...
...locals remain on a waiting list, in part because of start-up problems with Prospect Street Broadband, a venture firm selected to handle Zplug's day-to-day operations, and in part because utility workers are still installing the network. City officials expect to name a new investor sometime...
Maybe it's time to bury the label that has always attached to the Chicago investor Sam Zell. He has been called the "grave dancer" because of his appetite for distressed or mismanaged assets, from real estate to railcars. Yet Zell manages to find an awful lot of life in dead assets--his net worth is estimated at $6 billion...
...their limited disclosure and complex strategies, hedge funds may never be an appropriate option for the average investor - participation is generally restricted to those with high net worth who can afford the $1 million minimum investment typically required by fund managers. "It's a professional's market," says Thomas Whelan, chief executive of Greenwich Alternative Investments, which operates a fund of hedge funds. "You need to be able to research and understand what the funds do and then monitor them...