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...should spread, those companies could face significant divestment by U.S. shareholders. Other big-name international companies that have done business with outlaw states include Siemens, Hyundai, Alcatel, BNP Paribas and Statoil. The roster of some 400 global companies excluded by the FTSE/CSAG index includes many that trade on U.S. stock exchanges...

Author: /time Magazine | Title: Rules of Disengagement | 5/1/2008 | See Source »

...discovered) was a secretive near monopoly that extracted or bought 70% of the world's diamond supply in order to keep prices artificially high. Under the leadership of Gareth Penny, who joined the board in 2002 and became managing director in 2006, the group sold off its entire diamond stock and now sells only diamonds it mines itself (40% of global output). Gone too is the secrecy: De Beers now has a small army of public relations experts keen to produce executives for journalists and is even opening its own retail outlets on some of the world's more well...

Author: /time Magazine | Title: Gem of an Idea. | 5/1/2008 | See Source »

...over Turkey's prospects, at least in the short term. The suit seeks to bar the party and its members from political activity for allegedly violating Turkey's constitutional prohibition against mixing politics and religion. The move has rattled markets. After tripling from 2002 through last November, Turkey's stock index has dropped 32%. The global credit crunch has not helped. The ratings agency Standard & Poor's in April cut Turkey's credit rating to negative from stable, citing a fraught political and global environment. "The Turkish economy is in a major transformation with high efficiency gains, whose impact will...

Author: /time Magazine | Title: Istanbul's Economic Tension | 5/1/2008 | See Source »

...dairy farm so she could pick up her raw milk and yogurt at a drop-off point closer to home. And they consider themselves lucky. In Manhattan some raw-milk drinkers hire a mule to bring the white stuff to an agreed-upon location in the city, where they stock up during a strictly enforced two-hour window. "Sometimes I just can't believe this is all about milk," says Peterson...

Author: /time Magazine | Title: Raw Milk Straight from the Cow | 5/1/2008 | See Source »

...probably not all that fair to employers, but it's become the rule," Guichard acknowledges. Meanwhile, with the Paris stock market booming and France's leading companies posting enviable profits, Guichard feels little sympathy for bosses complaining that pont weekends are picking their pockets. "How can companies complain too much about a few days lost to ponts when most in France are more profitable than ever...

Author: /time Magazine | Title: The Cruelty of May | 4/30/2008 | See Source »

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