When Maria Bartiromo started getting e-mails from someone calling himself Joey Ramone in 1998, she did what most people would do — she ignored them, assuming she had attracted the unwanted attention of a weirdo. Ramone, the legendary figure of New York punk, had after all recorded the likes of Cretin Hop, Teenage Lobotomy and Now I Wanna Sniff Some Glue and here he apparently was asking for investment advice.
United States mining company Phelps Dodge sealed a -billion deal last week that will create the world’s largest nickel producer and the leading publicly quoted supplier of copper. The agreement is part of a frantic scramble for mining companies as the price of commodities is driven higher by the red-hot Chinese economy and its demand for raw materials.
A tip-off from Virgin Atlantic led to the price-fixing inquiry into British Airways (BA), it has emerged, marking a return to the hostile relations that existed between the two airlines during the ”dirty tricks” campaign of the 1990s. BA was plunged into crisis after it said that the United Kingdom’s Office of Fair Trading and the Justice Department in the United States are conducting a joint investigation into allegations of price-fixing.
Anita Roddick, the campaigning businesswoman behind The Body Shop, made £130million on March 17 when she agreed to sell the high-street cosmetics chain to French beauty group L’Oreal. The sale was a surprising turn for Roddick, who founded The Body Shop from a single store in Brighton on the English south coast in 1976.
Vodafone shares surged as investors bet that the cellphone company was ready to scale back its global operations after the apparent victory of chief executive Arun Sarin in a boardroom row. The company has already agreed to a deal to sell its Japanese business while its partner in the United States, Verizon, expressed interest in buying out Vodafone.
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/ 11 January 2006
The fizzy drink of choice at PepsiCo on December 12 was more likely to have been champagne than cola. By the end of trading on Wall Street that day, the company’s market capitalisation reached ,4billion. For the first time in the history of the two companies, PepsiCo was valued more highly than its old arch-enemy.
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/ 29 November 2005
General Motors recently announced plans to cut 30 000 manufacturing jobs in North America, closing a dozen assembly and parts factories in an effort to staunch losses that have reached -billion so far this year.
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/ 18 November 2005
Disney is out to prove that you can serve God and Mammon after all and they are spending a fortune, by using religious institutions to market its new movies. David Teather reports.
Known for his trademark cap and greying moustache, Ibrahim Ferrer who achieved fame as the singer of the Buena Vista Social Club, died last Saturday in Havana at the age of 78, writes David Teather.
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/ 26 November 2004
McDonald’s has announced another change of leadership after CE Charlie Bell stood down to battle cancer seven months into the job. Bell was diagnosed shortly after being appointed. The fast food chain named another company veteran, vice-chairman Jim Skinner, as his replacement. Bell (44) had taken the top job in May after the death from an apparent heart attack of former CE Jim Cantalupo.