Word: maker
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...always had a spotless reputation for moral probity. Lately, however, a succession of corruption scandals has dented the country's corporate self-image. In June and July, fraud and bribery charges were leveled against top executives at carmaker Volkswagen and at Infineon, Europe's second largest computer-chip maker. Now another iconic national brand, BMW, is making unsavory headlines. Last week, one of the firm's sales managers was arrested on allegations of taking up to $100,000 in bribes from an east German supplier for funneling orders its way. So far, the executive hasn't commented. Even the media...
...Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer for Maytag, and a politically controversial $18.5 billion bid by China National Offshore Oil Corp. to buy U.S. oil giant Unocal has run into stiff headwinds after Unocal's board voted to stick with an improved offer from American company Chevron. Revaluing the yuan...
...world that you don't need to input complicated codes into your remote. Instead, their system allowed users to simply plug the remote into a computer and tell the computer what gear they have. It was such a bright idea that Harmony got bought by Logitech, and remote-maker Philips jumped on the bandwagon...
...EDIT LIKE A PRO The software that now comes with most computers?iMovie HD for Macs, Movie Maker 2 for PCs?is truly amazing. With iMovie, even a novice can reorder scenes, add titles and set up a sound track. Mix in photos and music from iTunes and iPhoto or deploy sound effects from Skywalker Sound. Movie Maker boasts similar features (if not as elegant an interface...
...years, the Beijing government has been urging Chinese firms to expand their presence in overseas markets. Some have begun to respond. Late last year computer giant Lenovo bought the high-profile but money-losing personal-computer business from IBM for $1.75 billion. Prior to that, TCL, a consumer-electronics maker, bought the RCA TV business from French giant Thomson. And all the while, Chinese energy companies have been making deals with governments and private companies, desperately trying to acquire oil-and-gas reserves needed to power an economy still growing 9% annually...