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Such discrepancies are hard to explain. The Harvard researchers' data, gathered from the Osiris database, was reviewed by both NEJM and TIME and found to be accurate as of March 26, 2009. Osiris, for its part, collects financial information from yet another financial database, FactSet Research Systems, which sources its records directly from public filings by the tobacco firms and the insurers to the Security and Exchange Commission. "I think the numbers in the Osiris database are aggregate numbers from every division of a company like Northwestern, whereas Northwestern might be looking at a subset of their total holdings," Boyd...

Author: /time Magazine | Title: How Much Do Life Insurers Profit from Tobacco? | 6/4/2009 | See Source »

...wise to view these deals with a wary eye. Blockbuster mergers tend to be duds for stockholders of the acquiring company. In seven of the nine mergers valued at more than $50 billion, the acquirer's share price is down an average of 46% from premerger levels, according to FactSet Mergerstat, a research firm in Santa Monica, Calif. Maybe you already knew that if you're a longtime owner of Hewlett-Packard, whose stock has flatlined since the company acquired Compaq in 2002. AOL's merger with Time Warner (parent company of TIME) may have set a new standard...

Author: /time Magazine | Title: Land of the Giants | 1/31/2005 | See Source »

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