Word: owners
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...unclear whether Satyam's new owner, Tech Mahindra, will benefit as assets are identified and recovered. Tech Mahindra bought a 47.2% stake in the tainted company for $600 million in a government auction in April. If the fraud money reappears as assets in the name of the company, its good news for Tech Mahindra, which paid a huge sum for Satyam and its liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says...
...window, where do they stay? Probably somewhere like London's Sanctum Soho, sanctumsoho.com. Set within the mellowed stone of a 1906 townhouse in the city's West End, the property bills itself as "a celebration of edgy glamor" and is the $17 million vision of music manager turned nightclub owner turned hotelier Mark Fuller...
...effort to sell its Swedish subsidiary Saab has fallen apart, jeopardizing the division's future, which had grown increasingly tenuous over the years as its American owner slid into insolvency and bankruptcy. Saab was tentatively scheduled to begin operating as an independent company starting Jan. 1, 2009, once GM's sale to Koenigsegg Group AB, a Swedish maker of exotic vehicles, had closed. (See pictures: "GM's Eight Great Hopes...
...Critics, however, deride the new measures as toothless and say tackling the problem requires serious structural reforms. Former St. Petersburg police investigator and prominent crime journalist Yevgeny Vyshenkov compared Nurgaliyev to a collective farm owner whose chickens keep dying mysteriously. "To fix the situation, his great idea is to have the chicken troughs made in the shape of a triangle, but the chickens keep dying," Vyshenkov said. "Then he has the troughs made in the shape of a rectangle, but the chickens keep dying. Then a worker tells him all the chickens have died, and the owner says: 'What...
There’s a catch though—no wi-fi. At least, not yet. According to Joel Azumah, owner of TransportAzumah, “We foresee putting in wi-fi in March or April. We want to make sure we have a group of long-term operators with us, and once they prove they’re reliable, we’ll start putting the equipment on their buses.” So, be sure to charge your iPhone or BlackBerry before the big trip...