Word: tycooning
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...Media tycoon Rupert Murdoch recently stated the obvious when he said the newspaper business model of providing content online for free was "malfunctioning." Poleaxed by a severe ad slump and hemorrhaging red ink, printed newspapers and magazines have been downsizing or closing in some countries, even as their digital editions attract growing numbers of readers. Murdoch - whose News Corp. media empire includes the Wall Street Journal, a rare newspaper with a profitable, subscription-based website - has vowed to boost the earning power of his digital properties by increasing the number of News Corp. sites that charge for content. Other publishers...
...city's hot water was shut off after residents couldn't pay their bills. When Putin came in to save the day, he saw p.r. potential in Pikalyovo's distress. During a nationally televised meeting in the town, the Prime Minister scolded local officials and factory owners, including billionaire tycoon Oleg Deripaska, a onetime Kremlin favorite whose investment company Basic Element owns the town's BaselCement factory. "You have made thousands of people hostage to your ambitions, your lack of professionalism - or maybe simply your trivial greed," Putin said...
...Every baroque period has a flowering genius who rises up as the most glorious expression of its style of life ... He is the first boy to become a millionaire within America's teenage netherworld." - Tom Wolfe, in his piece on Spector, "The First Tycoon of Teen" (The Kandy-Kolored Tangerine-Flake Streamline Baby...
...Arrested and charged with murder on Sept. 2, after al-Sukari reportedly told police that Moustafa had paid him $2 million to kill Tamim, who had ended her relationship with the tycoon several months earlier. Egyptian authorities, meanwhile, refused to extradite the two men to the United Arab Emirates, where the murder occurred...
...Mirage opened the $1.25 billion MGM Grand Macau hotel and casino in 2007 in partnership with Pansy Ho, daughter of tycoon Stanley Ho, who held a monopoly on gaming in Macau for four decades and continues to operate casinos in the city today. In a filing with the U.S. Securities and Exchange Commission, MGM Mirage said that the New Jersey Division of Gaming Enforcement had deemed Pansy Ho an "unsuitable" partner after a four-year investigation. The agency recommended that MGM Mirage "be directed to disengage" itself from the joint venture. Company officials didn't reveal the reasons why regulators...