Word: thomson
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...expand their presence in overseas markets. Some have begun to respond. Late last year computer giant Lenovo bought the high-profile but money-losing personal-computer business from IBM for $1.75 billion. Prior to that, TCL, a consumer-electronics maker, bought the RCA TV business from French giant Thomson. And all the while, Chinese energy companies have been making deals with governments and private companies, desperately trying to acquire oil-and-gas reserves needed to power an economy still growing 9% annually...
...Russian beer giant Sun Interbrew, and Coca-Cola recently agreed to buy Multon, Russia's second largest juice company, for an estimated $600 million. Excluding the energy sector, mergers and acquisitions of Russian firms soared to more than $8 billion last year from $4.8 billion in 2003, according to Thomson Financial. Yet even as Western firms rush to buy Russian, at the back of everyone's mind is the nagging question, Just how big is the risk, and is it really worth taking...
...lawmakers who defeated a bill to protect stem-cell research have promised a fight over how the money is spent when it starts to flow in 2008. New Jersey is mulling a plan to devote $380 million to a research facility and grants. In Wisconsin, where in 1998 James Thomson became the first scientist to cultivate human embryonic stem cells, Governor Jim Doyle wants $375 million for an institute. And Illinois is considering a "nip and tuck" law that would impose a 6% tax on elective medical procedures like plastic surgery to fund a stem-cell center...
...Russian beer giant Sun Interbrew, and Coca-Cola agreed to buy Multon, Russia's second largest juice company, for an estimated $600 million. Excluding the energy sector, mergers and acquisitions of Russian firms soared to more than $8 billion last year from $4.8 billion in 2003, according to Thomson Financial, which tracks worldwide M&A trends (see chart). Yet even as Western firms rush to buy Russian, at the back of everyone's mind is the nagging question: Just how big is the risk, and is it really worth taking...
...special relationship" with the U.S. and reminding the President that Britain supported the American defense buildup "in every way." Some observers took this to refer to Britain's endorsement of the Strategic Defense Initiative, which France has refused to back. But the French obviously believe in dollar wars: the Thomson and GTE bid was a whopping $3.1 billion less than Plessey-Rockwell's. SPYING Painful Stalemate...