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...market and a powerful antismoking lobby, the Marlboro Man is setting his sights on roomier pastures?China. TIME has learned that Philip Morris is set to begin making the world's best-selling cigarette in the largest tobacco market anywhere. China's more than 300 million smokers bought 1.75 trillion cigarettes last year, but due to government restrictions, foreign sales accounted for only around 5% of the total...
During his first months in office, Bush focused on fulfilling his promise to cut taxes $1.6 trillion over 10 years. Democrats called the new President high-handed and stubborn, especially for one who could hardly claim popular support for so ambitious a policy; they were thinking maybe $500 billion. Bush's congressional liaison, Nick Calio, suggested to the President that he cut the price tag to buy some votes. But Bush's answer was always the same: "It's not time yet. We're going to say $1.6 trillion. People are going to get upset about...
...He’s proposed more than two trillion dollars in new federal spending so far,” Bush said, “and that’s a lot, even for a senator from Massachusetts...
...MTFG currently looks like it will win the merger fight. At an Aug. 12 press conference, executives from MTFG and UFJ announced that they had agreed to consolidate, a pairing that would create the world's largest bank, with assets of $1.7 trillion, outstripping U.S.-based Citigroup and Japan's Mizuho Holdings. But Yoshifumi Nishikawa, SMFG's iconoclastic CEO, has refused to bow out gracefully. Shortly after MTFG's deal was announced, he offered to merge with UFJ in a one-for-one stock swap valued at $29 billion?a generous 30% premium to UFJ's average market value over...
...were first launched, they have brought in an estimated $779 million in revenue. Overall, nanotechnology has been one of science's fastest-growing fields in recent years, with potential applications in fields as diverse as energy production and toothpaste manufacture. The nanotech market is projected to be worth $1 trillion...