Word: underlying
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Dates: during 2000-2000
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Under the agreement, Napster will develop a business model that should allow record companies and performers to be paid for their music. To help the tiny, 53-employee company overcome the enormous technological hurdles involved, Bertelsmann has opened a $50 million line of credit that could easily double. (Now hiring...
Q. Are you under pressure to carry out attacks?
A. We are not under pressure. We do not act just to try to improve our popularity ratings.
That decision may yet be appealed, but for now the 300-year-old institution is happy to put behind it a damaging two decades of turmoil and litigation that brought predictions of its imminent collapse in the 1980s. Earlier this year Lloyd's found itself dragged into court by a...
The stakes for Lloyd's were just as high. In the three centuries since it was founded in Edward Lloyd's Thames-side coffee house, Lloyd's has operated under the watchword "utmost good faith." Were it to be found to have engaged in fraud, even in the semi-distant...