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Avatar also held well, finishing third despite losing 104 screens from last week. The James Cameron eco-epic dropped only 32%, and some time this week will cross the $700 million North American mark, fully $100 million over the previous all-time domestic champ, Cameron's Titanic. Its worldwide gross has passed $2.4 billion, nearly $600 million more than Titanic, and looks to keep going until some undetermined date when everyone on the planet will have seen it. (See the top 10 movie performances...

Author: /time Magazine | Title: Box Office Weekend: Shutter Island Opens Big | 2/21/2010 | See Source »

...What has really drawn defense companies to India, however, is the smaller-ticket market for internal security, especially after the Nov. 26, 2008, terrorism attacks in Mumbai. "We had to rethink our strategy after 26/11," says Woolf Gross, corporate director of international programs for Northrop Grumman. "After our review, we decided to cater to India's homeland security." The company adapted one of its surveillance systems, for example, to identify suspicious vehicles at sea, the route that the Mumbai attackers are believed to have used. For the first time since the inaugural Defexpo in Delhi in 1999, Northrop Grumman...

Author: /time Magazine | Title: For the Arms Industry, India Is a Hot Market | 2/19/2010 | See Source »

...corporation would actually prioritize humanitarian ideals over moneymaking. However, Google’s removal of its business from China bucks this contention and reflects what I hope to be a growing trend in business. It behooves us, as consumers and world citizens, to note this trend. Some corporations gross more annually than small countries, and they are thus as important as many nations in the sphere of international relations. Therefore, there exists a real possibility that corporations could be new arbiters for human rights...

Author: By FRANK C. MALDONADO | Title: Firms as Diplomats | 2/9/2010 | See Source »

...grander scale, Avatar has achieved what many industry savants thought impossible. It has passed the $1.843 billion worldwide gross of the previous all-time smash: Cameron's own Titanic, from 1997. Barring an instant apocalypse, Avatar will have passed Titanic's $600.8 million domestic take by the end of January. Since the new movie's gross is declining only 10% to 15% each week - far less than most pictures - there may be no stopping the Avatar avalanche...

Author: /time Magazine | Title: Avatar Ascendant | 2/8/2010 | See Source »

...notes of restraint: First, the movie's income is swelled by the higher prices charged for the 3-D version and the Imax experience. (These formats account for 80% of the film's domestic gross; worldwide, Avatar has earned about $125 million in just 262 Imax theaters.) Second, the rate of inflation complicates any comparison of movie hits from one decade to another. In real dollars, none of the superhits of the past decade - not The Dark Knight nor any movie with pirates, hobbits, wizards or spider-men - make the list of the 25 top-grossing domestic films. Titanic...

Author: /time Magazine | Title: Avatar Ascendant | 2/8/2010 | See Source »

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