Word: stockings
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...satellite guys, together claiming around 2 million subscribers, who are drawing Wall Street's attention. Though their stock prices had plummeted over concerns that they might run out of cash, their shares have soared in the past year. XM is up 379%; Sirius, 491%. Analyst April Horace of Janco Partners in Denver predicts that within five years 16 million Americans will be listening to satellite radio. She says the market would explode if a popular shock jock like Howard Stern were to defect with his 15 million listeners, a prospect that looked more likely last week after six traditional stations...
...from British shelves after discovering high levels of bromate, a chemical that carries long-term cancer risk. The recall forced Coke to postpone Dasani's launch in France and Germany. For a company that derives two-thirds of its revenues from international sales, the hits do damage: Coke's stock was flat through the first quarter; Pepsi's rose...
...leading families," says Morgan Stanley economist Andy Xie. That changed with the '97 crisis, which caused the breakup of Hyundai Group and others and fostered an anti-chaebol backlash. Business life today in South Korea is marked by a steady stream of special investigations into chaebol-related bribery, stock manipulation, illegal campaign contributions, tax evasion and fraud. Chey Tae Won, nephew of the founder of SK Group, was jailed last year for accounting and stock fraud. Chung Mong Hun, the favorite son of Hyundai's founder, killed himself last year after being accused of illegally passing money to North Korean...
...Orders went out to seal up all of CP's chicken plants by further restricting access to plant premises--even delivery trucks were kept out. On Jan. 23, government officials announced that two young boys had tested positive for avian flu. The next day, CP's stock plummeted 12.5%. But share prices have since rebounded. And CP says no birds on the factory farms it operates have got sick. Investors expect CP to weather the damage done to its chicken operations, which account for 10% of the group's revenues...
Indeed, Minoru would prefer that Mori Building not be seen as a family company, even though his and his older brother Kei's immediate families own 100% of the stock. He dislikes the label because his mission diverges from what he considers the standard priorities of a family-run firm. "What we are doing is not to make money for the family," he says, "but to create something that contributes to the society." --By Jim Frederick. With reporting by Yuki Oda/Tokyo