Word: v
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Dates: during 2000-2009
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...billion for Absolut's parent company, Vin & Sprit--which was almost 21 times the Swedish firm's gross operating profit last year. As if to suggest that Pernod Ricard had overreached, Bruce Carbonari, CEO of Fortune Brands (which was trumped in the Absolut auction), claimed that the price for V&S would not provide an "appropriate return" for shareholders. Yet le patron remained unperturbed. Three years ago, the company leveraged itself heavily to acquire Britain's Allied Domecq, a $13 billion deal that doubled Pernod Ricard's size at a stroke and added such brands as Beefeater gin, Ballantine...
...acquisition of V&S brings Pernod Ricard closer than ever to its goal of catching Diageo. The combined company will have global sales of 91 million cases, compared with Diageo's 93 million. Absolut alone will propel Pernod Ricard from fourth place to second in the North American market, with a 14% market share, compared with Diageo's 26%. Can the former pastis family business become the global drinks leader? The banks that financed the deal in a difficult market show that for some, at least, the answer to that question is Absolut...
...where the battered U.S. airline industry must head: scaled back, smarter, more global and perhaps even profitable. With just 122 planes, 13,600 employees and about $5 billion in revenue last year, all the Virgin airlines put together--Branson's Virgin Group has stakes in Virgin Atlantic, Virgin America, V Australia and Virgin Blue in Australia and Virgin Nigeria--are a speck in the eye of the largest U.S. carrier, American, whose 655 planes generated $23 billion in sales...
...What was striking about the case, Baze v. Rees, was that after 36 years of extensive litigation over capital punishment, the Court is as scattered as ever. A case in which none of the justices ultimately found much merit nevertheless provoked seven separate opinions, controlled by a weak three-judge plurality...
Whether the killing will, in fact, lead to more Shi'ite v. Shi'ite fighting in Najaf remains to be seen. Major Alayne Conway, a spokeswoman for the central division of the Multinational Forces, which operates in the Najaf area, told TIME: "I can tell you that one of our Military Transition Teams operating in Najaf was sent out to get an update on the situation and I know the Government of Najaf called us confirming that Riyadh al-Nouri was killed." But Conway was not aware of any violent reaction...