Word: multibillion
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...with investigating as head of a committee of "eminent persons" looking into Switzerland's role during World War II. Why are questions about Volcker's Nestle position being raised now? Perhaps because in a recent letter to a federal judge who must decide whether or not to dismiss a multibillion-dollar class action brought by Holocaust victims against the Swiss banks, Volcker argued that their suit would have a potentially "crippling" impact on his investigation. Other members of the eminent-persons group immediately dissociated themselves from Volcker's letter, and made it clear that it was his concern, not theirs...
...outlay to care for sick smokers. The settlement price is really meant to put a dent in the American tobacco industry's bottom line. But by gradually jacking up the retail price of the 24 billion packs they sell in the U.S. annually and saving much of their present multibillion-dollar-a-year advertising, promotion and merchandising budget (thanks to restrictions on those outlays in the settlement package), the companies will be able to meet the $15 billion-a-year punishment cost without remotely jeopardizing their solvency...
WASHINGTON, D.C.: Joe Camel and the Marlboro Man will disappear from billboards, and by 2009, the FDA may ban nicotine altogether under a landmark, multibillion dollar settlement that will impose unprecedented regulations on America's tobacco industry. Under the agreement, tobacco companies will pay out $360 billion over 25 years into a settlement fund to finance public health campaigns and anti-smoking advertising, while disbursing $4 billion a year into a fund to pay damages in successful lawsuits brought by smokers. "We wanted to do something that would punish this industry for its past misconduct and we have done that...
...House and Senate office for years, helped finance his campaigns and chaired the Clinton-Gore re-election effort in 1996. In Knight, Haney also had a solid link to Tom Grumbly, who worked for Gore in the 1980s and became the assistant Energy Department secretary in charge of its multibillion-dollar nuclear-waste cleanup program. From where he stood between Haney and Grumbly, Knight came up with a fruitful arrangement: he began lobbying the Gore appointee on behalf of the businessman he was soliciting for Gore campaign cash...
...course. Americans legally hazarded an astonishing half a trillion dollars in 1995, earning the gaming industry profits of $44.4 billion--more than the net revenue from movies, music and sports entertainment combined. But as the Web becomes ubiquitous, online gambling will grab an ever larger slice of this multibillion-dollar pie. "I get two calls a day," says Rose, "one from the media, the other from someone who wants to set up shop on the Net. There's a feeling that they're getting in on the ground floor of the next...