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...month, and Etsy.com a site specializing in handmade crafts and artifacts, are hardly General Electric. But being small yet scalable is the springboard of Web companies. "Why didn't American Express invent (or buy) PayPal?" Godin asks. "Why didn't Barnes & Noble become Amazon?" Because they were busy running multibillion-dollar businesses...

Author: /time Magazine | Title: Business Books | 2/21/2008 | See Source »

...generals and other loyal raulistas, especially the military chief of staff, General Alvaro Lopez Miera, 63. Raul's son-in-law, Colonel Luis Alberto Rodriguez, is being groomed to take over the broad economic and business policy duties already held by the Revolutionary Armed Forces, including enterprises like the multibillion-dollar tourist concern Gaviota, which has helped keep Cuba afloat since the demise of its longtime benefactor, the Soviet Union...

Author: /time Magazine | Title: The Raul Castro Era Begins | 2/19/2008 | See Source »

...Gatorade now comes in many flavors, but its first may have been best described by its inventor, University of Florida physician J. Robert Cade: repulsive. ("I guzzled it and vomited," he said.) Cade created the drink, today a multibillion-dollar industry, after the school's football coach asked him why players didn't urinate after games. With the help of sugar and lemon, Cade made the concoction more palatable, but its basic function didn't change: to replace the sodium, chloride and plasma volume that players lost during games. The still dominant sports ade, named for the team, earned...

Author: /time Magazine | Title: Milestones | 11/29/2007 | See Source »

...held by money managers). And while by no accounts does it dictate the airline's strategy, the government aids SIA in many ways. Tax breaks on the carrier's aircraft help SIA maintain one of the youngest fleets of any major airline. The government helpfully paid the multibillion-dollar construction cost of Singapore's impressive Changi Airport, the airline's hub since 1981 and one of the best airports in the world...

Author: /time Magazine | Title: Fly Above The Storm | 11/14/2007 | See Source »

...more specific, buying it. In September another dizzying array of multibillion-dollar deals became public, notably Dubai's bid to acquire a 20% stake in NASDAQ, the high-volume New York City-based stock exchange known for its listing of star tech firms including Apple, Cisco Systems, Dell, Microsoft and Yahoo! Dubai's move demonstrates the fulsome financial power of a region possessing tidal liquidity--as much as $2 trillion, by some estimates--built up by two years of oil prices topping $60 per bbl. "Nothing can stop them," says Hassan Heikal, CEO of EFG-Hermes, the region's leading...

Author: /time Magazine | Title: Welcome to Du-Buy? | 11/12/2007 | See Source »

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