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TOP STORY
King of the Pill
Pfizer shows up on the FORTUNE 500 as a $35-billion-a-year business, but once the merger with Pharmacia is completed later this month, it will have a projected annual revenue of $48 billion. That will make it 50% larger than its nearest competitor, GlaxoSmithKline. Pfizer is the biggest drug company ever. Can it become the best?

2003 FORTUNE 500 Full List

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(Photo: Tom Schierlitz)

FORTUNE 500
Will Halliburton Clean Up?
The company that Dick Cheney once ran stands to make millions rebuilding Iraq.
· Iraq Rebuilding Contracts: What's at Stake?
· Rebuilding the Oilfields

PETER LEWIS ON TECH
The New Wireless Networking Standard
There's no guarantee that current products based on a 'draft' 802.11g wireless standard will work with future Wi-Fi certified products. Should you buy or wait?

MARKETS

	NEWS
· Murdoch taking bids for Dodgers · Snow seeks higher debt limit · McDonald's may disclose cost cuts · Stock picks by the pros · Altria shares sink further

CURRENT ISSUE
Golf and Power: Photo Essay
Golf has always been far more than a game, and it remains the true communications hub of America's business elite. Why are business relationships born and nurtured on the golf course? Some executives see golf as a litmus test for a person's character.
· Golf: The Sacred Refuge of the Business Elite
· Must I Play Golf to Move Up?
· Current Issue
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3 Free Trial Issues

FORTUNE 500
Starbucks' Mr. Coffee
Last week 20 million people bought a cup of coffee at Starbucks. This week the coffee empire makes its debut on the FORTUNE 500. The man behind the $4.75 Frappuccino on where the company goes from here.
· You Get Paid to Do What?

Gap's New Guy Upstairs
Gap's new CEO is the first-ever outsider to run the world's largest specialty-apparel retailer, but a fresh eye may be what this famously troubled company desperately needs.
· Gap Got Junked. Now What?

Bank of the Americas
Rigorous management and its efforts to win the Hispanic market are giving BofA the edge in retail banking.
· A New Banking Model

Can McDonald's Cook Again?
The company's missteps have eroded its position, at least in the U.S., as an American icon. Can new CEO Jim Cantalupo turn McDonald's around?
· Fallen Arches
· Investing Update: McDonald's

BIRNBAUM ON WASHINGTON
Still Selling Bush's Tax Cut
U.S. Treasury Secretary John Snow is working to push the President's plan through. Congress could agree as early as next week to a $500 billion to $550 billion, 10-year tax cut.
· Tax Cut Plan: He's Gotta Have It
· Tax Cut Plan: He's Gotta Sell It

MAGAZINE
Hong Kong, City of Fear
There may be war in Iraq, but only one story matters in Hong Kong--killer bugs.
· The Germs of War

WAR IN IRAQ
Following the Money to Terror
While U.S. troops storm Iraq, another battalion in D.C. is busy trying to prevent the next terrorist attack. Deputy assistant treasury secretary Juan Zarate is chasing the al Qaeda money trail.
· The View From Umm Qasr
· Who Sold What to Iraq?
· After Saddam Goes

STREET LIFE

Rally Over
A two-day rally ended Thursday as investors waited to see what's next as U.S. troops move closer to Baghdad.

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SPECIAL REPORTS
Business 2.0:
The Fine Art of Sucking Up
Brownnosing, at least in its milder forms, can work wonders as a short-term career booster. Just don't overdo it.

FORTUNE 500
Companies Ranked Within State
California tops the list as the state with the most FORTUNE 500 companies--53 are located within its borders. But with 52, New York is only behind by one. See how all the states stack up.

INDUSTRIAL MANAGEMENT & TECHNOLOGY
The Company Town: Photo Essay
You know the kind of place: where the big boss lives in a mansion on the hill, and where the well-being of the citizenry is directly related to one firm's bottom line. It should be gone by now, but a few continue to survive--and thrive well enough to see their companies sit firmly in the FORTUNE 500.