Word: lynching
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...states pulled in at least $12.7 billion in revenue. Of that sum, TIME estimates, the casinos kept more than $5 billion as profit. That would place overall Indian gaming among FORTUNE magazine's 20 most profitable U.S. corporations, with earnings exceeding those of J.P. Morgan Chase & Co., Merrill Lynch, American Express and Lehman Bros. Holdings combined...
...major one will be announced within weeks, a source says. Giuliani Partners is also helping global real estate firm Cushman & Wakefield vet for security problems. And it hopes to work with brokerage firms to resolve problems stemming from conflicts of interest in their stock-research departments. Merrill Lynch is one of several potential clients. "A lot of companies would benefit from working with us on their difficulties," says Bruce Teitelbaum, a Giuliani partner...
...also leading what she calls a cultural revolution, which has cut costs and boosted efficiency and which last year galvanized BT's 5,800 employees to bring in revenues of $2.6 billion--a 65% increase from 2000. According to Whitney Johnson, a telecom analyst at Merrill Lynch, Cico "pushes her managers hard and deploys her capital wisely...
...Lynch stuck her head...
...plenty of company. Using cheap debt and inflated equity as currency, scores of firms expanded internationally during the go-go 1990s--not just through exporting, but by making direct foreign investments--and lost big. From tech (Gateway Computer) to financial services (Merrill Lynch) to media (Vivendi Universal) to energy (TXU and others), many firms are scrambling to restore their balance sheets after disastrous foreign campaigns. Partly as a consequence, U.S. foreign direct investment was down 55% in the first half of this year compared with the same period in 1999, when it peaked at $175 billion for the year...