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...that." McColl joined NuTech's board in September and has invested in the company. He and Walesa will receive stock options that could prove valuable if the company successfully goes public. Michalewicz says the 126-employee firm has almost 100 customers and is turning a small profit...

Author: /time Magazine | Title: Business Technology: Where Lech Walesa Does Tech | 11/14/2007 | See Source »

...intention of paying. Though the rest of the world calls it credit-card fraud, the youths here have given it a more innocent name: "carding." Thousands of young Indonesians, particularly in college towns like Bandung and Yogyakarta (in central Java), have turned to the practice for fun and profit. At least 20% of Internet credit-card transactions in Indonesia are fraudulent, according to a recent study by the online-security company ClearCommerce, based in Austin, Texas, which has identified Indonesia as one of the worst countries for cyberfraud...

Author: /time Magazine | Title: E-Commerce: The No-Payment Plan | 11/14/2007 | See Source »

...technology and management, Novartis carries its drugs through development in only two-thirds the time it takes the average drug company. Its tightly coordinated R.-and-D. and marketing efforts focus on areas, such as cardiovascular diseases, in which treatments are judged to offer the greatest potential for profit. Senior vice president for business development Paul Sekhri, who helped pick these areas by going systematically through some 980 categories of ailments, says Vasella took a keen interest in how they were chosen. But while Vasella has taken aim at larger markets, he has ensured that more specialized products, such...

Author: /time Magazine | Title: Drug Lord | 11/13/2007 | See Source »

Still, Brazilian heads turned when Joorabchian signed a 10-year deal giving MSI control--and 51% of the profit. Joorabchian spent $14 million to bring three top players back to Brazil. Then he lured star Argentine forward Carlos Tevez for a South American record $22.6 million...

Author: /time Magazine | Title: Brazil's New Player | 11/13/2007 | See Source »

...Businesses like UBS have a duty to uphold certain ethical standards that do not waver no matter the profit on the line. These standards include avoiding business with companies that prop up dictatorial regimes and finance blatant human rights violations. When a business fails to uphold such standards, it falls upon its potential employees and clients to hold it accountable...

Author: By Crimson staff, CRIMSON STAFF WRITER | Title: Shame on UBS | 11/12/2007 | See Source »

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