Word: gls
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...meeting's real surprises was to hear so much talk about global equities, given their strong run, and the last presentation was no exception. Geoffrey Symonds of GLS Capital spoke about the possibilities in the GCC countries. "The macro story here is excellent, and the region looks a lot like Russia nine or 10 years ago," Symonds said...
Last month the U.S. Army bumped favored defense contractor L-3 Communications from a $4.6 billion contract to provide translators and interpreters in Iraq. A new venture called Global Linguistic Solutions (GLS), headed by retired Army Major General James (Spider) Marks and primarily formed to bid on the contract, landed the job. The surprise caused L-3 shares to fall nearly 6%; the company lowered its sales forecast this year by $500 million...
Winning the contract may be the easy part for GLS. Luring interpreters to Iraq is another story. Job listings posted on L-3's website read like something out of a Tom Clancy thriller. Wanted: "Arabic Linguist ... Ability to deal unobtrusively with the local populace ... Must be able to live in a harsh environment." The pay isn't mentioned, but L-3 recently offered interpreters more than $175,000 annually to work in Iraq. Linguists usually don't carry weapons and are often called on to participate in raids and other combat-related tasks. Casualty reports show that...
...money. The Tucson, its newest sport ute, is about $4,000 less than the Santa Fe SUV. It doesn't surrender comfort or interior space for the sake of feeling sporty. The Tucson doesn't overimpress with styling; few cars in this category do. But the slightly pricier GLS version has a V-6, 2.7-liter engine that doesn't whine when the car is filled with four adults and luggage. It's practical almost to a fault.--By Bill Saporito
...Pitch to the Rich" [TIME Global Business, December], Volkswagen asserts that many of the problems its cars have are minor and that the cars perform solidly over the long haul. I purchased a 1999 VW Passat GLS V6 earlier this year. It had about 39,000 miles on it. At the time of purchase, I had the car thoroughly inspected. They found no problems. I have not yet reached 50,000 miles and have already had to replace the guts of a back door due to its locking up; the oil cooler due to oil leaking; the sway-bar linkage...