Word: tycooning
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...LOST. By KORAN TEMPO, a leading Indonesian daily newspaper; a libel lawsuit brought by tycoon Tomy Winata over a February 2003 story reporting rumors that Winata planned to open a casino in Central Sulawesi province despite laws against gambling; in Jakarta. The court ruling was seen by media groups as threatening press freedoms that emerged after the fall of the Suharto dictatorship in 1998. The newspaper, which was ordered to pay Winata $1 million, said it planned to appeal...
...independence of analysts' opinions so that "you can't put pressure on them to say one thing or another." That's a tough line to sell at the moment. Suing All The Way To The Bank Talk about kicking a bank when it's down. Last week, media tycoon Leo Kirch filed suit in New York City against the Frankfurt-based Deutsche Bank, Germany 's largest private bank, and U.S. firm Liberty Media, claiming they allegedly conspired to destroy his media empire. Kirch won a similar case in a Munich court, which said the bank must pay damages to Kirch...
This seems like a different man from the real estate and casino tycoon who tried to avoid the "barbaric" flesh-on-flesh greeting even when in 2000 he considered a Reform Party run for President. But that was just politics. Today he has a reality-TV show to promote, a show that--like his luxury high-rises encrusted in marble and gilt and christened with big gold Ts--he promises will be bigger and badder, brassier yet classier, altogether Donald Trumpier, than anything else out there. In The Apprentice (NBC, Wednesdays, 8 p.m. E.T.; premieres Thursday...
...resemblance to Survivor is intentional. The Apprentice is produced by Survivor's Mark Burnett, who met Trump in 2002 when he leased Central Park's skating rink from Trump for the show's live finale. "He told me all the right things," says Trump--among them, that the tycoon had been Burnett's idol ever since Burnett read Trump's The Art of the Deal when the then aspiring producer was selling T shirts in Venice Beach, Calif...
...growth for India's tech sector. As is the case with many Bangalore-based businessmen, Rao flies to America several times a year, and all of his clients are abroad. In most other countries, this would mean a few simple phone calls to travel agents, but a budding Indian tycoon faces special problems. "If I want to get on a flight to San Francisco tomorrow or even later this week, I won't be able to do it," Rao says. Bureaucratic delays have stalled the construction of a modern international terminal in Bangalore, and the few overseas flights that leave...