Word: owners
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Still, some companies continue to range outside their industries. Ford Motor last week agreed to acquire San Francisco-based First Nationwide Financial, owner of the ninth-largest U.S. savings and loan, for nearly $500 million in cash. The purchase will expand Ford's credit business, which now includes financing the purchase of new cars. General Motors and Chrysler are also increasing their lending activity...
...mini boom in artisanal cheeses in recent years, with producers taking advantage of a pristine environment and prime, grass-fed dairy cattle to create cheeses that would be at home in any gourmet emporium. Dutch-style cheeses like edam and gouda have been particularly successful. According to Sarah Aspinwall, owner of the award-winning Canterbury Cheesemongers in Christchurch, cheesemakers in New Zealand now produce "the best Dutch-style cheeses outside of Holland." There are many other varieties being made besides, and while skeptics might raise an eyebrow, you should taste for yourself before deciding. Many of these new cheeses...
Indicted. David Chalmers Jr., 51, owner of Houston-based oil company Bayoil USA; on charges of funneling millions of dollars in secret kickbacks to Saddam Hussein's regime to secure oil deals under the U.N.'s scandal-ridden oil-for-food program, depriving the program--set up to protect Iraqi citizens from U.N. sanctions by allowing Iraq to sell oil and use the money for food and medicine--of funds that should have gone for humanitarian aid; along with two other Bayoil executives; by federal officials in New York City. Those charged denied any wrongdoing...
...hour-long program has been a hit for the BBC and rights owner Sony. Filming starts in May on a second series, following a January-February run in which viewership swelled with each Tuesday, 8 p.m. airing. Why do people watch? Maybe to cringe, learn or revel with the occasional winner, whose businesses have included tailor-made clothes for women, beanbag-like hammocks, and mushrooms. Just as in real VC handshakes, deals can unravel during postshow due diligence. There's a Clay Aiken effect too. Like the Idol loser who flourished, Dragon rejects have found cash elsewhere. Dragons' Den looks...
...will of course be talking to our sources who are willing to meet in private. But TIME reporters also scoped out three different Rome restaurants on Friday where Cardinals often dine. According to all three owners, there hasn?t been a red hat in the house since the Pope?s death. Ristorante Armando, which is a favorite of several powerful Roman Curia Cardinals, has had to settle for priests and bishops this past week. ?We haven?t seen any of them,? said owner Armando Desimone, who remembers much more red-hat traffic back...