Word: minimum
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Dates: during 2000-2009
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...Other airlines affected, including British Airways and Virgin Atlantic, aren't joining Ryanair in its suit. Analysts say the move reflects a vulnerability in Ryanair's business model: O'Leary has turned the Dublin-based carrier into Europe's most profitable airline by cutting airport turnaround time to a minimum to keep his planes aloft as much as possible. That means discouraging any behavior that can slow his planes down, including checking baggage. But O'Leary may have the last laugh. Unlike regular airlines, Ryanair charges a fee for each bag that is checked: up to $9.50 apiece, if passengers...
...baby boomers tend to own their homes. As prices have soared over the past few years in almost every country except Germany, these homeowners have enjoyed big increases in the value of their total assets. But in many cases, the rise has pushed their net worth over the national minimum thresholds for inheritance tax, which haven't been adjusted in step with the housing boom. The result: almost anyone owning a detached house in London or southeast England is already well over the U.K. tax-free limit on estates of $540,000. France is even tougher. There, inheritance...
...California's Wage Governator to raise minimum pay No girlie-man rates in the Golden State. Governor Arnold Schwarzenegger, left, struck a deal last week to pump up California's minimum wage to $8 an hour--highest in the nation...
...meet the demands of this growing demographic of impatient and increasingly sophisticated Asians, private banks now offer a slew of new investment products. One of the most popular: so-called structured notes, which are complex derivatives that often pay a guaranteed minimum return like bonds, or pay above the minimum depending upon the performance of other asset classes, such as stock-market indexes or commodities. "The beauty of structured products is you can tailor them to clients' needs," says Gary Tiernan, head of product management for Deutsche Bank in Asia. It's a buoyant enough business that Deutsche...
...French giant Soci?t? G?n?rale Group. Available primarily to customers of SocG?n's Asian private bank, the fund is linked to a specially created Cayman Islands firm that, acting on the advice of wine experts and auction houses, buys and stores select vintages. Investors wanting to cash out after the minimum one-year holding period may redeem their shares for actual bottles of wine, which can be drunk or resold at a profit (or loss) by a wine broker. "It's a physical fund, and it's very liquid," quips Daniel Truchi, the CEO of SocG?n's private-banking operation...