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Finally, in late December, we agreed to buy Johns Manville Corp.

最后在十二月底,我们同意以18 亿美元买下Johns Manville 公司简称

Established in 2000 under the corporation policy of Toronto Ontario, Markham International Education Center Corp.

其中,一些学生、学者已经顺利完成学业,在世界各地的重要工作岗位上做着重要贡献。

That happens because the acquirer typically gives up more intrinsic value than it receives. Do that enough, says John Medlin, the retired head of Wachovia Corp., and "you are running a chain letter in reverse." Over time, the skill with which a company's managers allocate capital has an enormous impact on the enterprise's value. Almost by definition, a really good business generates far more money than it can use internally. The company could, of course, distribute the money to shareholders by way of dividends or share repurchases.

就长期而言,公司经理然滥用公司资金将会对企业的价值有很大的影响,我们认为一家好公司所能贡献出的现金,一定会超过其本身内部所需,而公司当然可以透过分配股利或买回股份的方式回馈给股东,但是通常企业的 CEO 会要求公司策略企划部门,顾问或是投资银行,做出购并一,两家公司的必要性报告,这样的做法就好象是问你的室内设计师,你是否应该增添一条五万美元的地毯。

The sad fact is that most major acquisitions display an egregious imbalance: They are a bonanza for the shareholders of the acquiree; they increase the income and status of the acquirer's management; and they are a honey pot for the investment bankers and other professionals on both sides. But, alas, they usually reduce the wealth of the acquirer's shareholders, often to a substantial extent. That happens because the acquirer typically gives up more intrinsic value than it receives. Do that enough, says John Medlin, the retired head of Wachovia Corp., and you are running a chain letter in reverse.

很遗憾的是,大部分的购并交易案都充满了不公平性,对于被购并方来说,算是得到解脱,购并一方的管理阶层则名利双收,旁边的投资银行家与专业顾问也都能跟着大捞一笔,只不过真正受害的却是购并方背后全体的股东,他们损失惨重,原因在于购并公司最后所得到的实质价值通常远比得到的低,就像是Wachovia公司已退休的领导人John Medlin说,这种事做太多,就好象是在倒写连锁信一样。

Researchers at Mercian Corp. in Fujisawa, Japan, a division of which produces wine and spirits, decided to find out.

日本藤泽市莫西亚公司的一个分支机构生产红酒和白酒,这里的研究人员决定解决这个问题。

Mercian Corp., Kirin's wine unit, jumped as much as 10 percent.

麒麟的葡萄酒子公司——摩西亚公司的份额则猛增到10%。

Mercian Corp., Kirin's wine unit,论文发表, jumped as much as 10 percent.

麒麟的葡萄酒女公司——摩中亚公司的份额则猛删到10%。

Researcher Takayuki Tamura and colleagues from the product development research laboratory of Japanese wine producer Mercian Corp.

来自日本一家酒制造商Mercian 公司的产品发展研究实验室的研究者Takayuki Tamura 和他的同事发现酒行家们是出于红酒香味会与鱼腥味混淆,从而确定这个缺乏科学依据的规定。

Researcher Takayuki Tamura and colleagues from the product development research laboratory of Japanese wine producer Mercian Corp. have found that wine connoisseurs established the rule of thumb because of the flavor clash between red wine and fish.

来自日本一家酒制造商Mercian 公司的产品发展研究实验室的研究者Takayuki Tamura 和他的同事发现酒行家们是出于红酒香味会与鱼腥味混淆,从而确定这个缺乏科学依据的规定。

Carbon nanotubes were discovered by electron microscopist Sumio Lijima at NEC Corp. in Japan in 1991, when he was investigating the residue deposited during a process that synthesized fullerenes (a molecular form of pure carbon noted for its cagelike structures).

碳纳管是由日本nec公司的电子显微镜专家sumiolijima在1991年发现的,当时他在研究合成富氏碳分子(由纯碳原子组成的铁丝笼状结构的分子)工艺过程中沉积的残余物。

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On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面,更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值,分为几个相等的区间作为横轴,并将各区间内所测定值依所出现的次数累积而成的面积,用柱子排起来的图形,也叫做柱状图。

You rap, you know we are not so good at rapping, huh?

你唱吧,你也知道我们并不那么擅长说唱,对吧?