Word: sprees
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...Cashed up thanks to rising profits at home, Indian firms are on a shopping spree?and increasingly looking abroad. In the past year, the Tata Group has snapped up everything from American telecom firm Tyco Global to venerable British teamaker Tetley. Other Indian companies have bought foreign pharmaceutical firms, auto-parts makers and aluminum suppliers. Last week a consortium led by India's Videocon Industries agreed to buy South Korean appliance maker Daewoo Electronics for $700 million. "Indian companies have become competitive, and they realize that," says Gurcharan Das, former CEO of Procter & Gamble India and author of the best...
...Since Ratan Tata became chairman in 1991, he has multiplied Tata group revenues seven times to an annual $22 billion. Since 2000, the group's market value has multiplied almost 18 times to $49.1 billion. For the past six years, Tata has been on a $1.9 billion acquisition spree that has netted Britain's Tetley Tea, South Korea's Daewoo Commercial Vehicles, Singapore's NatSteel and New York City's Pierre Hotel, among more than a dozen others. And it's not over yet. Last week, Anglo-Dutch steelmaker Corus agreed an $8 billion takeover bid by Tata Steel...
...military ouster as a portent of embattled President Gloria Macapagal Arroyo's own political demise. Arroyo was a big Thaksin fan. She applauded "Thaksinomics," as his pump-priming policies were termed, and even vowed to "do a Thaksin" on her country's drug dealers after he unleashed a killing spree in which more than 2,500 drug suspects died. But Arroyo's popularity slumped to record lows amid allegations that she cheated in the 2004 election. After the Thai coup, protesters in Manila waved placards showing Arroyo's face beside Thaksin's, with the message, "You're next...
...Richard Armitage confirmed that he was the original source for columnist Robert Novak's revelation. Novak weighed in last week, calling Armitage's contrition bogus and the leak deliberate. In the D.C. bureau of Fox News, anchor Brit Hume goaded Plamegate chronicler David Corn into an off-camera shouting spree. "Both leaked classified information, Brit!" Corn raged. "Go ahead and laugh!" Here, TIME re-evaluates some major players. [This article contains a table. Please see hardcopy of magazine.] CAST OF CHARACTERS WHAT YOU THOUGHT YOU KNEW WHAT SEEMS TO BE TRUE NOW FUTURE EMPLOYMENT POSSIBILITIES Richard Armitage Press-friendly best...
...lunch-hour shooting spree at Dawson left one woman dead and 20 wounded before police officers fatally shot 25-year-old gunman Kimveer Gill, of Fabreville, north of Montreal. Anastasia Desousa, 18, of Montreal, was pronounced dead at the scene, although police would not confirm her identity. Police said Gill's car was found parked near Dawson. Investigators have ruled out terrorism and racial or gender targeting, and are searching for a motive in what seems to be developing into Canada's Columbine shooting...