The music business has changed. Our recording income is not insignificant, but it's less than we make from touring. The figures used to be closer together.

We always said it would be pathetic to be good at the music and bad at the business.

Fundamentally, there is very little genuinely new business about. Much of the new business written is simply premium income that has been recycled from one provider to another.

In a business with zero income until liquidation, what are your resources? What are your abilities to borrow? Without that, you'll never make it.

Our domestic tobacco business delivered solid income gains in a highly competitive marketplace, ... Our international tobacco business delivered strong volume and income gains, with excellent share growth across most of its key markets.

Under Ronald Reagan - who cut the top tax rate from 70 percent to 28 percent - black income, business development and business growth exploded.