Word: stakes
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When control of Congress is at stake, a politician can't afford to miss even the smallest opportunity to gin up votes. That's why Dick Gephardt, the Democratic minority leader of the House of Representatives, found himself having coffee one morning last week with nine party activists at Mr. C's Family Restaurant in Knoxville, a speck of an Iowa town that boasts the National Sprint Car Hall of Fame and Museum. With embattled Congressman Leonard Boswell at his elbow, Gephardt implored the faithful to pour on the energy: "Iowa literally has the ability to tell us who will...
When control of Congress is at stake, a politician can't afford to miss even the smallest opportunity to gin up votes. That's why Dick Gephardt, the Democratic minority leader of the House of Representatives, found himself having coffee one morning last week with nine party activists at Mr. C's Family Restaurant in Knoxville, a speck of an Iowa town that boasts the National Sprint Car Hall of Fame and Museum. With embattled Congressman Leonard Boswell at his elbow, Gephardt implored the faithful to pour on the energy: "Iowa literally has the ability to tell us who will...
With indicted execs routinely walking the "perp line" on the evening news, you'd think corporate America would be falling over itself to demonstrate patriotism in the war on terrorism. Sure - but not when the bottom line is at stake...
...this summer, and PepsiCo's Frito-Lay division is test marketing natural and organic versions of its snacks. The multinationals have also been snapping up small organic- and natural-foods firms, retooling their offerings and bringing more marketing and distribution savvy to the mix. Since Heinz bought a 19.5% stake in the Hain Celestial Group--a conglomerate that includes Celestial Seasonings teas and Earth's Best organic baby food--the ketchup king has pushed Hain products into Sam's Clubs and Costcos. Kellogg has had similar success with Worthington Foods, which it acquired for $307 million in 1999. Kellogg eliminated...
FUND MANAGEMENT Investors Stake Their Claim The relationship between fund manager and client continues to take a litigious turn. Last week, the investment bank Merrill Lynch & Co. settled a dispute with the British supermarket group J. Sainsbury over alleged mismanagement of Sainsbury's pension fund. The undisclosed settlement helped Merrill avoid a repeat of its court battle last year with Anglo-Dutch concern Unilever, also over pension fund mismanagement. In that case, Unilever had alleged that returns on its pension fund had trailed the market by an amount larger than was permitted under the terms of its contract with Mercury...