Word: profiteer
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...margin improvements," Andrew Wood, an analyst with the financial firm Sanford C. Bernstein, wrote in a note to clients on Tuesday. "Kraft," he added, "will benefit from all of Cadbury's strengths." And at a knockdown price. Bagging the firm for a value equivalent to 13 times Cadbury's profit before tax and other deductions amounts to the cheapest food-industry takeover in more than a decade, Wood notes...
...Santander's $17 billion stake in the Brazilian wing of ABN Amro is worth about $49 billion after merging with Santander's existing business in Brazil. In 2007, the firm spent just under $10 billion for Italy's Banca Antonveneta, which it promptly sold off for a $3.74 billion profit. (See pictures of the global financial crisis...
Despite more than a dozen international conventions banning slavery in the past 150 years, there are more slaves today than at any point in human history. Slaves are those forced to perform services for no pay beyond subsistence and for the profit of others who hold them through fraud and violence. While most are held in debt bondage in the poorest regions of South Asia, some are trafficked in the midst of thriving development. Such is the case here in Africa's wealthiest country, the host of this year's World Cup. While South Africa invests billions to prepare...
...think there will be very little cost and very little liability to the University to holding onto the contaminated and encapsulated land, or we wouldn’t be considering it,” Gray said, adding that in the future, Harvard could sell the land to another non-profit group...
...faculty members from the Medical School traveled to Haiti on Wednesday, joining the staff of Partners In Health—a non-profit Harvard affiliate—in providing aid to the residents of the mountainous Central Plateau through its non-governmental health clinics...