Word: makers
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...Many believe the Middle East issues won't force oil prices much higher and oil could retreat modestly fairly soon. Despite the many earnings warnings, overall corporate profits will be up about 15% this year and 10% more next year. Largely ignored last week were solid results from PC maker Gateway and optical-networking company Corning...
...deals worth $3.84 billion last year, up from three deals worth $224.3 million in 1998. Significant transactions include KKR's $940.5 million acquisition of British conglomerate Wassall, whose primary holding is Thorn Lighting, a manufacturer of light fixtures; and the $1.4 billion buyout of the German bathroom-fixtures maker Friedrich Grohe, led by BC Partners...
...prize widely considered the world's most prestigious, the Nobels had a surprisingly inauspicious beginning. Established under the will of 19th century munitions maker Alfred Bernhard Nobel (1833-1896), it was as much an attempt to redeem the reputation of its founder--best known in his day as the inventor of dynamite--as to award the accomplishments of its recipients. Nobel, a pacifist who liked to write poetry, had intended his explosive to be used mostly for peaceful purposes and was dismayed that it became so powerful an instrument of war. In 1888 a French newspaper--thinking it was Alfred...
...Practically every chipmaker, computer maker and network outfit you could name - except Microsoft, which hit a 52-week low on some foul earnings rumors - was movin' on up after Gateway, PMC Sierra, and Juniper Networks all posted reassuring earnings in a day full of happy news. (Even Abby Joseph Cohen, Wall Street's kindly aunt, pitched in with a declaration that the S&P 500 is 15 percent undervalued...
...entertainment-industry suits conduct business, it's the pitch meeting, where high-concept ideas (think Die Hard meets Sense and Sensibility) get tossed about, directors' names are freely floated, and stars are vaguely said to be "attached." Into this fantasy factory stepped Foster--who previously worked as a furniture maker, a graphic designer and a vice president at Excite.com before striking out on his own and founding Dreamtime this year...