Word: developer
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...Warner Bros. CEO Barry Meyer have become especially close, since both resisted Pittman's attempts to centrally manage their divisions. Bewkes is not as close, however, with his new subordinate Jamie Kellner, CEO of Turner Broadcasting, who was seen as a Pittman ally. Bewkes led HBO to develop such hits as The Sopranos, Sex and the City and Six Feet Under and saw it collect 93 Emmy nominations last week. Warner Bros. is enjoying a successful run. But the music division faces an industrywide slump in sales, caused in part by widespread downloading of songs from the Internet...
...face, the European Commission allowed Carnival's $5.5 billion hostile takeover of P&O Princess cruise lines. This reversal comes one month after an E.U. court made it more difficult to block deals. Engine Doubles Germany's BMW and France's Peugeot joined in a ?750 million alliance to develop and build motors for their smaller cars. The venture could turn out 1 million engines annually. Spanking The Banks U.S. Senate investigators testified that Citicorp, the top U.S. bank, and J.P. Morgan Chase helped Enron hide more than $8.5 billion in debt. Canal Plus (Or Minus) In his first move...
...because they expected a lot: tapping into higher bandwidth, 3G mobiles were supposed to offer everything from high-speed Internet access to streaming video, allowing telecoms to keep revenues flowing even after the market for plain old phone calls became saturated. But the technology has been slow to develop, and operators have lost investor support for their once-lavish spending. It's a measure of how few people believe in the 3G dream anymore that beaten-down telecom shares rose sharply the day Telefónica finally said "No más." The future just isn't what it used...
Biology, alas, is rarely so straightforward. Researchers came to realize that it wasn't safe to give estrogen alone to a woman with an intact uterus. Unopposed estrogen, as it is called, dramatically increases the chances that a woman will develop uterine cancer. (Obviously, this isn't a problem for women who have undergone hysterectomies.) The addition of progestin, another female hormone, seemed to take care of that problem...
...step, your knee joint absorbs three times your body weight. Straighten up from a deep squat, and the pressure on the joint can reach nine times your weight. Throw in a few falls or sharp blows, and that knee of yours will eventually wear out--and, in due time, develop painful osteoarthritis. That's why last week's news about a popular form of surgery to relieve pain from arthritis of the knee was so devastating...