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...grown just 22%, according to fund tracker Lipper. But a recent study by environmentalist Paul Hawken suggests investors might be getting more than they bargained for. Hawken, who runs the Natural Capital Institute in San Francisco, found socially responsible funds owning companies like Iraq-entangled Halliburton, tobacco-products maker Altria and weapons manufacturer Raytheon...

Author: /time Magazine | Title: Investing: The Feel-Good Funds | 12/17/2004 | See Source »

...Both arise from an interest in playing with ideas,” she says. “He’s a maker, somebody who tinkers with things, and makes things that are improbable and interesting and beautiful...

Author: NO WRITER ATTRIBUTED | Title: Cape Boy No Longer Interested in Capes | 12/16/2004 | See Source »

...Beijing office. There, company officials told them that IBM, which practically invented personal computers, would sell its PC unit to a Chinese competitor, Lenovo (formerly Legend). The 60 or so attendees learned that, upon joining Lenovo, they would become the backbone of the world's third biggest computer maker. Hours later, a proud headline in the online edition of the People's Daily summarized the $1.25 billion deal: "China's IT Industry Has Stood Up." Yet the mood in the room was short on euphoria. "People cried," says a senior manager who was there. "The bosses made it sound like...

Author: /time Magazine | Title: A Whole Lot to Swallow | 12/12/2004 | See Source »

...their way into world markets by buying foreign companies. Last year, Guangdong-based TCL bought the television arm of French electronics behemoth Thomson, which gave it the RCA brand. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover, and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. According to a recent study by Bain & Co., China's foreign investments will reach $86 billion by 2015. These global ambitions have generally been encouraged by the government, with Minister of Commerce Bo Xilai last month urging...

Author: /time Magazine | Title: A Whole Lot to Swallow | 12/12/2004 | See Source »

...Asian firms that have succeeded overseas bought their way there. Japanese automakers Toyota and Honda enjoyed years of protected markets at home, then set up operations abroad that introduced new production techniques or superior engineering. In Korea, Samsung and Hyundai took decades to build respected brands. By contrast, electronics maker LG failed to establish a thriving business from its shortcut purchase of the TV brand Zenith?though it has recently been much more successful in penetrating global markets by pushing its own brand. Chinese acquirers will face similar challenges. TCL has yet to explain how it will turn around money...

Author: /time Magazine | Title: A Whole Lot to Swallow | 12/12/2004 | See Source »

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