Word: retailed
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...almost all of them have no idea. In African nations like these, AIDS is rife and medications are next to impossible to come by.In 2001, generic drug manufacturers surfaced in countries such as India and Brazil that could produce and sell crucial AIDS drugs at a fraction of the retail price. Due to the reduced costs, combination drug therapy could potentially reach up to two to three times as many people as before. Yet 39 American pharmaceutical companies came out in ardent opposition to sharing their secret recipes. They claimed intellectual property was violated. But what about Hassan...
...growth averaging more than 6% a year has produced a cumulative expansion of 65%. High oil prices are the main reason. Still, says Roderic Lyne, a former British ambassador to Moscow, "the boom doesn't stem from oil alone. Genuine entrepreneurs have built good businesses in telecom, information technology, retail, brewing, food processing and consumer credit." A government that was broke under President Boris Yeltsin has had six budget surpluses in a row, just agreed to speed repayment of its foreign debt, and has socked away over $70 billion in a rainy-day fund. More than 6 million Russians...
...March Morgan Stanley said it would buy boardwalk-adjacent property and look for a partner to build a casino. Bally's and Caesars are about to announce expansion plans. Trump Entertainment Resorts, recently out of bankruptcy, is seeing salvation in building more rooms and converting its pier into a retail-and-entertainment complex. And MGM Mirage, which owns land next door to the Borgata, is advancing its timetable for building a massive complex of rooms, condos and retail. "It's no longer a question of if," MGM Mirage CEO Terry Lanni said recently. "It's a question of when...
...offered more than $7 billion to buy PCCW's phone and media assets. The Australian investment bank has built a global empire in large part by packaging the least glamorous of acquisitions?such as toll roads and airports?into fixed-income funds, which are then sold to yield-hungry retail investors. Lately, the company's concept of an infrastructure play has broadened and its pursuit of acquisitions has grown increasingly audacious?earlier this year it mounted a $2.6 billion bid for the London Stock Exchange. That failed, but the bank's ability to turn tired old assets into lucrative investment...
...recent years, Moss has taken that model global. In 2004 Macquarie bought the Asian securities operations of ING Barings, giving it more muscle to market its key infrastructure funds to retail and institutional investors. "The ING assets gave them a footprint in Asia which they didn't have before," says BT's Chemello. Macquarie subsequently went on a shopping spree. It invested in a South Korean toll-bridge project in Incheon for $64.6 million in 2005. Last December it bought a 40% stake in Taiwan Broadband, a cable operator in Taiwan, for roughly $200 million. A few months ago Macquarie...