Word: titanics
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...Best Man For the Job? If ever a company needed saving, it is Yukos. The troubled Russian oil titan, hit by the jailing last year of top shareholders Mikhail Khodorkovsky and Platon Lebedev, learned last week that the Kremlin allegedly favors the idea of France's Total taking 25% of Sibneft - the oil company in which Yukos says it has a 92% holding. (Total denied it was interested.) A group of foreign banks warned Yukos that with Russia having frozen its assets over a $3.5 billion tax claim, the company was in danger of defaulting on a $1 billion loan...
...INDICATORS Fashion A La Mode Luxury-goods group Gucci named ice-cream and frozen-food executive Robert Polet as its CEO. Polet, who has no professional fashion expertise, has spent his career at consumer-goods titan Unilever...
KRISH PRABHU Telecom Titan...
...Wong quickly sold her holding of 3,000 shares for a gain of about $250 - small change, sure, but not a bad return in less than 30 minutes. "It's like a gift," she said gleefully. While investors behaved as if the company is destined to be a global titan, China Green - which grows cabbages and other produce and sells packaged vegetables - is still tiny. It has about 150 employees and reported just $31 million in revenues and $14 million in profits in its last fiscal year. Other signs of overheating: shares of China Life Insurance, the country's largest...
...answer could be worth a pretty penny for L'Oreal. Over the past decade, the world's largest cosmetics concern has transformed itself from a French company focused on white women into a global titan whose skin, hair and cosmetics products are tailored to consumers from Dallas to Delhi. L'Oreal has a strategic gift for taking cosmetics brands, giving them an innovation injection and a marketing makeover, and then rolling them out across the world: antiaging potions for American boomers or lipsticks for young Chinese. L'Oreal is even working on beauty from the inside out: how about...