Word: billioned
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...fact, Procter & Gamble, the $79 billion consumer-goods giant, is even taking a bet on the blades. The maker of mass-market products such as Tide detergent, Crest toothpaste and Ivory soap purchased the Art of Shaving in June for an undisclosed sum. P&G's move surprised some analysts, as it represented the company's first real foray into retail, which has struggled during the downturn. "You kind of wonder what they are doing here," says Linda Bolton Weiser, equity research analyst at Caris & Co. "When companies start to veer off their main focus, it often doesn't work...
...Then, as if not just in response but rebuttal to this mass-produced entertainment, came Avatar, the James Cameron sci-fi spectacular that has earned $350 million in its first 2½ weeks and, in about the same time, should overtake the Transformers sequel. It has already passed the billion-dollar mark at the worldwide box office (Transformers 2 topped out at $800 million), quickly becoming the fourth highest-grossing all-timer after the second Pirates of the Caribbean film, the final Lord of the Rings installment and, at the top, a little love story called Titanic. The ultimate face...
...films to 10, but studio bosses will say it was a very good year. No matter what else Americans skimped on when they got slammed by the Great Recession, they didn't stop going to the movies. For the first time ever, the annual box-office total exceeded $10 billion ($10.5851, to get into pi calculations), outpacing the previous record, in 2008, by nearly 10%. The number of tickets sold, 1.474 billion, was the highest of the past five years - though lower than sales in any year from 2001 to 2004, when the big franchises (Star Wars, The Lord...
...moderately polluted," according to the environmental ministry. A survey released in 2008 by the Yellow River Conservancy Committee, a Ministry of Water Resources-affiliated environmental organization, found that water in one-third of the river and its tributaries contained water unsuitable for industrial or agricultural use. More than 4 billion tons of sewage had been dumped into the river in 2006, according to a report by the state-run Xinhua news service...
...fall for scenarios ranging from a flat payout to a 2 percent decline in dollar value. In September, Harvard announced that its invested endowment assets took a 27.3 percent hit in the past fiscal year, bringing the total value of the endowment as of June 30 down to $26 billion (since December of 2008, the University had been planning for a 30 percent drop-of in endowment value for the year ending June...