Word: multibillion
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...counterfeit-buying spree. There's nothing new about copying in the fashion business, of course. Product ideas have always trickled down from the high-end runways to the mass market. In the past, designers often took pride in their work being copied. But that was before counterfeiting became a multibillion-dollar, multinational business. Knock-off luxury products--particularly the bogus designer bags coming out of China, where the majority of them originate--have become a mortal threat. "Ten years ago we said it wasn't a problem, that it was even proof of our success," says Marc-Antoine Jamet, president...
...casino advertising and a 24-hour waiting period for first-time patrons. Last month, after the government indicated that it may cap the number of slot machines at the largest casinos at 1,250 (roughly half the number in the Bellagio), Las Vegas Sands threatened to curtail its multibillion-dollar deals. "Most U.S. operators are jumping in with both feet," says Scott Fisher, managing director of the Innovation Group, "but with a big life raft attached." U.S. casino executives are trying to sweet-talk other governments too. Although Thailand and Singapore have yet to legalize gambling, MGM Mirage's Lanni...
Cassini-Huygens is widely thought to be the last of NASA's great Cadillac probes--multibillion-dollar ships stuffed with instruments and complex backup systems. In the planning stage for 19 years, the craft cost $1.4 billion to design and build and nearly $2 billion to fly. When NASA adopted its "faster, better, cheaper" philosophy in the 1990s, it drove the cost of its unmanned ships down to the range of a couple of hundred million dollars--mostly by relying on off-the-shelf parts and eliminating redundant systems...
Even a whopping settlement is unlikely to hobble Wal-Mart, which rang up $9 billion in profits for the latest fiscal year. Nonetheless, its bottom line is likely to be redrawn by the suits. The sex-discrimination case alone could result in a multibillion-dollar settlement, says plaintiffs' attorney Joseph Sellers. Wal-Mart's reputation as a harsh employer, along with concerns about unfair competition, has spurred communities in Chicago, Dallas and Inglewood, Calif., to block construction of new stores. The outcome of the cases, thanks to the retailer's prominence, could affect how companies all over the world treat...
...Eleven remake notwithstanding--we more often root for the overdogs, the entrepreneurs and the security chiefs who use military-grade surveillance technology to protect their shekels from card counters and scammers. "Nobody cheats in my casino!" exults Caan in Las Vegas, even though "his" casino actually belongs to a multibillion-dollar corporation...