Word: transferal
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...slowing, but you wouldn't know it to look at the giddily bullish market for the services of the world's leading soccer players. The top clubs in England, Spain and Italy are primed to spend billions of dollars in the remaining four weeks of this summer's "transfer window," during which teams are allowed to trade consenting players. And in a game with no salary caps, the players - who not only get to negotiate a more lucrative deal with their new clubs but also get 10% of their transfer fee (the remainder going to the team from which they...
Whatever their motives, the growing legion of foreign owners of English clubs has pumped hundreds of millions of dollars into the transfer markets as teams compete to gain an edge. It's a cutthroat game, precisely because revenues are closely related to a team's performance: only the top four teams of the 20 in the English Premier League qualify for the European Champion's League, and United, Chelsea, Arsenal and Liverpool have in recent years established a lock on those four slots. But they have to win consistently to get there, and failure to do so can be financially...
...Safaricom is making a profit, and it's making a difference. Farmers use their cell phones to find the best prices in nearby markets. A number of innovative uses for cell phones are emerging. Already many Kenyans use them to store cash (via a kind of electronic money) and transfer funds. If you have to carry money over long distances - say, from the market back to your home - this kind of innovation makes a huge difference. You're less tempting to rob if you're not holding any cash...
Pojaman, 50, her brother Bannaphot Damapong and her secretary Pennapa Honghern were found guilty of evading $16.3 million in taxes and providing false testimony in relation to a 1997 transfer of 4.5 million shares in Shin Corporation, the telecommunications conglomerate formerly owned by Thaksin and his family. Pojaman and the other defendants were released before the morning was over on $149,000 bail apiece. Neither she nor Thaksin immediately commented on the verdict, but it is expected she will appeal...
...order to cut costs on the processing of passenger ticket-coupons collected at its boarding gates, American flies daily an average of 1,100 lbs. of documents to the balmy island. In Barbados, some 500 computer keypunch operators employed by Caribbean Data Services, a subsidiary of the airline, transfer the ticket information to magnetic tape. The electronic data are then beamed by satellite to American's central computer in Tulsa. Despite extra expenses like the cost of transmitting the data by satellite, the overseas operation saves money for the airline. The main reason: Barbados data processors are paid...