Word: warners
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...Some banks made money, some lost. Pepsi scored, Coke disappointed. Some techs went up, some (OK, most) went down. The PC market is so bad that Dell is getting into routers. And in an example that, yes, this column was watching with particular interest, AOL Time Warner beat earnings expectations but was deemed to have done it all through cost-cutting and accounting magic, and so was beaten by traders like a mule that was not only rented but over-dependent on the moribund ad market...
TIME Magazine and Time Inc. have long stood for journalistic excellence. That excellence was recognized again last week when Time Inc. editorial director Walter Isaacson, who served as TIME's managing editor from 1996 through 2000, was named chairman and chief executive of AOL Time Warner's CNN News Group...
...After Cuthbert's success sailing the Precious Dragon to Britain, he received a phone call from a fellow Englishman, a maritime adventurer named Rex Warner, who wanted to borrow the ship to recreate one of Zheng He's trips. Cuthbert happily agreed. The Precious Dragon was loaded onto a freighter, shipped back to Hong Kong and prepared for its new journey. Warner was anxious to set off in the autumn, catching the strong west winds, as Zheng He had done...
...first, Warner was searching for a connection between the present and China's brief but glorious seafaring past. In Nanjing he found it: a direct, 19th-generation descendant of the Grand Eunuch's favorite adopted nephew, named Zheng Zhihai (which means from the sea). This modest 53-year-old, dressed in a rumpled suit, hasn't exactly followed in his ancestor's glorious naval tradition; Zheng works as a toilet engineer in a Nanjing factory. Still, while China had largely forgotten his heroic ancestor, Zheng says family legends kept his exploits very much alive. Tales of his voyages were passed...
...move quickly. The deal had been made. We liked Honeywell, and we'd had a good handle on them for a long time. This wasn't like the Time Warner-EMI deal. In that case, there were overlaps in music. There was no overlap here. The difference was that our competitors had an enormous say. They made their case so strongly that the regulators believed...