Word: staking
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Thousands braved freezing temperatures before dawn to stake out the best positions on the route and at Government Center, where the team congregated on an elevated stage to thank and excite their dedicated fans—many of whom endured over three feet of snow, subzero temperatures and stinging winds during home games at Gillette Stadium in Foxboro, Mass...
...week raised eyebrows. Except in government: Finance Minister Francis Mer openly endorses the takeover, while a source close to the deal says President Jacques Chirac, an old friend of Dehecq's, personally called Liliane Bettencourt, the biggest shareholder in L'Oréal - which in turn owns a big stake in Sanofi - to win her support for the bid. Neither party will comment. German union and government leaders fear that any deal will ax German jobs. But the big threat to French plans comes from Aventis itself. It insists the firm is worth far more than...
Acquisitions will permit L'Oreal to continue diversifying its revenue base and product range. In December L'Oreal bought Mininurse, a Chinese mass skin-care brand with a 5% market share. It bought a majority stake last year of Shu Uemura, a Japanese concern in which it owned a 35% stake. In the past decade, Western Europe's share of L'Oreal's overall sales has fallen about 12%, while the share of regions like Asia has risen more than 20%. L'Oreal also has its eye on India and Mexico. "It's a superb sales model," says Andy Smith...
...good fortune to run a company that is not entirely beholden to analysts. Because of a complex arrangement, just over half of L'Oreal's stock is controlled through a holding company that includes Nestle and Liliane Bettencourt, Eugene Schueller's only child and--thanks to her L'Oreal stake--one of the wealthiest people in Europe...
...history of Indo-Pak negotiations is a chronicle of failed diplomacy, particularly when it comes to Kashmir. Many diverse interest groups have a stake in what happens in the territory, and emotion often shunts reason aside. In India, following recent state-election victories by his Hindu nationalist Bharatiya Janata Party, Vajpayee is riding high, but he might have to face down party hard-liners who see the talks as a concession to Pakistan. In Pakistan, the ?lite supports Musharraf's moves, but it's a harder sell with militants, lower-ranking military officers and ordinary Kashmiris...