Word: shinging
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...produces his third child. The infant has his father's eyes, nose, chin and years of plastic surgery to look forward to FERNANDO HENRIQUE CARDOSO President of economically troubled Brazil creates Switzerland-sized national park, invites Swiss to move right in?and bring their banks Losers LI KA-SHING Hong Kong magnate loses controversial bid for a stake in TV station, says he only wanted to spare viewers more David Letterman reruns MICHAEL KOPPER Enron exec pleads guilty to money laundering and agrees to give back $12 million in illicit gains as soon as the spin cycle is finished...
...surprising exception has been Tom.com, the Net-age offspring of Hong Kong tycoon Li Ka-shing. When Tom.com went public in February 2000, it looked to be a cynical attempt to cash in on Web fever. The portal had few assets, no track record and a vague business plan. All it offered, really, was the blessing of the legendary Li. For Hong Kong's retail investors, that was enough. They mobbed local banks in hopes of getting their hands on a few shares. If Asia's greatest dealmaker was raising cash, they figured, he was probably going to spend...
...there's at least one person who believes Global Crossing will rise again: Hong Kong Uber-dealmaker Li Ka-shing. Through a partnership between Hutchison Whampoa, Li's Hong Kong ports/telecoms/electric power conglomerate, and Singapore Technologies Telemedia (STT), owner of Singapore's third-largest phone company, Li has engineered a rescue package. The two companies have bid $750 million to help recapitalize and restructure Global Crossing. If the plan is approved by the courts (it's likely to be controversial because the proposal calls for holdings of mom-and-pop shareholders to be wiped out), Hutchison and STT will wind...
...SHING, it's said, takes a cut from every dollar spent in Hong Kong--and that's not much of an exaggeration. The ubiquitous entrepreneur started in the plastic-toy business in 1950 and propelled himself into real estate, shipping and telecommunications. His secret? Keep dealing. Even before China took over Hong Kong, Li, 73, was investing on the mainland. HUTCHISON WHAMPOA has pushed into the Internet, low-income housing and commercial projects across China. Not surprisingly, Li has the ear of President Jiang Zemin...
...they want? Free loans from Japan? JOSE BOVE McSledgehammer? The anti-globalization Frenchman loses his appeal against a three-month jail sentence for wrecking a McDonald's RICHARD LI After eight years in the limelight, the telecom wunderkind admits he never graduated from Stanford. Is he really Li Ka-shing...