Word: spreading
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...With New Orleans voters spread across the country, of course, reliable polling is next to impossible. But there are some telling trends that don't bode well for Nagin in the election, now set for April 22. Pinsonat, a partner in Southern Media and Opinion Research in Baton Rouge, notes that New Orleans, once 72% black, is now increasingly white-50% to 60% by some estimates. While Nagin's vow to rebuild a "chocolate" city played with the evacuee crowd in Houston and Dallas, it was not well received by middle class whites, especially those in the largely undamaged Uptown...
...While banks such as Nomura Holdings and Merrill Lynch tend to focus on large deals, like the $30 billion takeover that formed Mitsubishi UFJ Financial Group or the $3.5 billion marriage of cosmetics company Kao with Kanebo Cosmetics, the M&A mania has also spread to smaller companies. Terrie Lloyd, an M&A consultant with 23 years of experience in Japan, says he encounters more and more Japanese investors who are interested in buying a motley batch of companies, pasting them together into mini-conglomerates with dubious business merit, and flipping them via an IPO: "This is a new phenomenon...
...audacious j18.6 billion bid for Europe's steel champion, Luxembourg-based Arcelor. Naturally, such predictions depend on a huge number of assumptions that could easily be wrong. Both nations could be derailed by geopolitical instability or Western protectionism. Both need to overcome enormous regional disparities of wealth and spread their growing prosperity more evenly among their populations. Davos had a well-attended session that focused on the wave of protests against corrupt officials in Chinese towns and villages. Some experts, including Orit Gadiesh, chairman of consultants Bain, says this competition misses the point: the world economy is not a zero...
...Over the past two years, as high-rise fever spread across town, prices for the luxury apartments ballooned, fetching as much as $500 to $1,000 a square foot-or up to $1.5 million for a one-bedroom- at the peak. Buyers, mostly interested in flipping them for quick profits, eagerly anted up five-figure down payments, while developers planned more than 70 luxury towers holding a total of about 43,000 units on or near the Strip and downtown. But the intense competition for the city's limited supply of contractors sent construction costs skyrocketing 30% last year, just...
...It’s already been stressful,” says Ducas. “I have six bridesmaids spread out all over the country going to school, and getting them together to look for dresses and details — it’s crazy...