Word: maker
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...British confectioner Cadbury shows no signs of melting. In rejecting Kraft's hostile offer last month, Cadbury labeled it "derisory." Now U.S. rival Hershey has said it's mulling a bid of its own while Italy's Ferrero has also expressed an interest in gobbling Britain's favorite chocolate maker. While some doubt those companies' ability to come up with the money for such a big target, there are no such worries with Nestlé, the Swiss food behemoth who is also said to be contemplating an offer...
...Hershey, meantime, already knows what it's like to team up with the Brits; it's owned the license to the Cadbury brand in the U.S. for years. Like Nestlé, it would probably rather not stand by and watch a combined Cadbury-Kraft become the most powerful chocolate maker in the galaxy. (See pictures of what the world eats...
...coastal cities, Chinese companies based there are investing in operations in less-developed Xi'an to capitalize on its lower costs and tap a cheaper labor market. About 70% of Xi'an's domestic investment comes from the southeast coast. For example, in late 2008 Shenzhen-based cell-phone maker ZTE announced it would invest $880 million in manufacturing and research facilities in Xi'an that will ultimately employ 26,000 people. Hybrid-car maker BYD, also headquartered in Shenzhen, has turned Xi'an into one of its main manufacturing centers, with almost all of the cars sold to Chinese...
...Foreign investment is migrating to Xi'an for similar reasons. Unlike on the coast, where Hong Kong and Taiwan companies have set up countless export factories, the investments in Xi'an tend to be more domestically focused. In October, Applied Materials, a California-based maker of manufacturing equipment for the semiconductor industry, opened a solar-power research center in Xi'an, part of a $250 million investment in the city. The facility, unique to Applied Materials' global operations, will house solar-cell production lines to devise new ways of bringing down the costs of manufacturing panels. Though the results...
TIME: You've always portrayed yourself as a cipher for the ANC, an implementer of policies decided by the party, rather than a policy-maker. Does that still stand now you're President? Zuma: The ANC makes policy, not individuals. Anything that we talk about regards policy to a huge degree reflects the debates that have been held inside the party. And on policy, we have done very well - our policies have been very good. We have five priorities: education - critical; health - critical; rural development; job creation; and land reform. (See pictures of Johannesburg's preparations for soccer's World...