Word: stockings
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...1950s, after Stalin ordered the return of Chinese assets, did managers from the mainland take control; in the famine years that followed, they brewed the first Chinese beer from corn. These days the Harbin Brewery Group is a pioneer yet again. Having listed on the Hong Kong Stock Exchange in June 2002, it has become the target of China's first hostile takeover, pitting the world's two biggest brewers against one another in a battle to dominate the largest beer market anywhere...
...That fear heightened in March, when SABMiller bid for an additional 29% of Harbin Brewery's government-owned stock. That would have given SABMiller control of the company and its premium brand, Hapi?potentially a national rival to Budweiser, which A-B also markets as a premium beer...
...Whatever happens, Harbin Brewery's existing shareholders seem sure victors. In just two days last week, their stock surged 51%. For them, at least, there's ample reason to toast the latest foreign interlopers with a taste for Chinese beer...
...CONVICTED. FRANK QUATTRONE, 48, star investment banker who shepherded some of the hottest companies of the dotcom stock boom to the public market and made $120 million in 2000 at Credit Suisse First Boston; of obstructing justice and witness tampering; in New York City. His first trial ended in a hung jury...
Answer: quite a lot. When you fly as high as Gates & Co. did during the 1990s, growing an average 36% annually, maintaining that altitude is nearly impossible. So Microsoft's growth rate is now no larger than that of the PC industry as a whole. Its stock price has stalled at 1998 levels. A new version of its flagship Windows product, once expected as early as 2003, may ship in 2006, lacking many of the cool new features Microsoft had hoped to include. By then, Windows is expected to be squaring off against its toughest challenge to date, from Linux...