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...have to spend a lot more time talking to NGOs. The journalist's response: "What's an NGO?" Let's hope he knows now. NGOs--nongovernmental organizations--have won significant influence over global companies. The demonstrations against global capitalism at the G-8 summit in Genoa were the latest manifestation of a trend that--mostly quietly and behind the scenes--is defining our age. From Home Depot (criticized for its use of tropical hardwoods) to Starbucks (attacked for the treatment of workers on coffee plantations), from Big Oil (a perennial target for environmentalists) to tuna canners (think dolphins), companies...
Indeed, Nestle's stock has been particularly volatile because of concerns among investors that Brabeck's debt-financed acquisition strategy risks overextending the company. Nestle's net debt has quadrupled since Brabeck took over in 1997, to $13.8 billion in 2001, the latest year for which figures are available. The company has nonetheless managed to hang on to its top-shelf, triple-A rating, and Brabeck still gets some respect from Wall Street. "He's done well so far in keeping the top line bubbling and extracting better margins," Wood says. Wood and other analysts--including those at Goldman Sachs...
...fleet. Despite these investments--and unlike most of its competitors--government-backed SIA is making good money. Profit of $358 million made it the second most profitable passenger airline in the world in 2001, behind only Southwest Airlines ($511 million). For the six months ending last September, the latest period reported, profit was $443 million (at least by the unique accounting standards in Singapore...
...turned my attention to the entertainment options: 29 video-on-demand movies (there will be 60 by the end of March), 77 TV shows, 102 CDs, 12 music channels and even Nintendo games and mah-jongg. As a big Denzel Washington fan, I chose his latest movie, Out of Time. He looked great on the relatively large, 9-in. video screen. After a couple of hours with Denzel, I got in some serious bar time--Singapore Airlines has done what no other airline has done for years, which is to devote a large expanse of space in the coach section...
...While H5N1 is difficult for humans to catch, experts fear it could mutate into a form that spreads easily among people, sparking a deadly flu pandemic. Microbiologist Hugh Pennington of the University of Aberdeen said the latest outbreak is part of a "steady creep westward" by the strain from its original hothouse of Southeast Asia...