Word: profit
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...could have received a doctorate from an American university when he was supposedly living in Iran. Saeedlou admitted that Hartford (no relation to the University of Hartford) is an online institution. State education authorities in Oregon who monitor so-called diploma mills have had their eye on for-profit Hartford University, which is registered in the tiny Pacific offshore banking haven of Vanuatu and offers courses leading to undergraduate and graduate degrees that can cost thousands of dollars. Saeedlou's diploma didn't do him much good. The members of Iran's Parliament voted to block his appointment. --By Adam...
...burns two and a half times the energy that the U.S. uses, and nine times what Japan consumes. Analysts now worry that the economy is finally beginning to show the strain. "We're particularly concerned that rising energy costs will amplify the existing squeeze on corporate profit margins in China," says Ben Simpfendorfer, an economist at JPMorgan Chase in Hong Kong. Indeed, Shanghai Petrochemical, a unit of the state-owned oil company Sinopec, warned last week that profits in the second half of this year will decline significantly. If other companies feel a similar pinch, as Simpfendorfer fears, that could...
...longer oil prices continue to climb, the greater the inflationary pressures will become. Rodrigo de Rato, the IMF's managing director, said last week that if high oil prices persist, "the impact on Asian growth will be considerable." Degussa's Wagner also warns that his forecast of continued profit growth depends on the stabilizing of raw-material prices. "There's tremendous uncertainty," says Deutsche Bank's Wall. For the moment, though, Europe's business executives, policymakers and central bankers are sitting tight, hoping their luck isn't about to change...
...published in Australia and New Zealand, The Truth About the Drug Companies (Scribe Publications; 319 pages) is an unrelenting attack on the practices of the world's largest medicine makers, which Angell portrays as rich behemoths that have abandoned the once noble goals of their industry in pursuit of profit. It's hard to argue with the rich bit: according to the latest Fortune 500, U.S. giant Pfizer had revenues last year of $53 billion, of which $11 billion were profits...
...national advertising campaign and a website called walmartfacts.com Why? Because across town, a group of twentysomething activists working for a union-backed organization called Wake-Up Wal-Mart is preparing attacks on the corporate giant's reputation. In the group's office, littered with handwritten signs like THEY PROFIT, YOU PAY, is a map tracking the enemy's movements: the counties where Wal-Mart wants to open new stores...