Word: acquiree
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Defense Secretary Gates visited Israel and Jordan over the weekend on a trip billed as an overdue stopover with allies en route to Iraq but which made news regarding Iran. In Amman on July 27, Gates said that while diplomacy is the preferred path for dealing with Iran's nuclear...
In the end, though, Wiedeking made one bet too many, leveraging his company in a gambit to acquire the much larger carmaker. He failed because he underestimated the political opposition to a takeover of VW and ended up saddling Porsche with $13 billion in debt. As his star was sinking...
There are signs, though, that Beijing may be slowly changing its policy toward the yuan in ways that could, over time, lead to its greater use on a global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling...
The result is a program that acts as a kind of matchmaking service between members and banks. The service began last year in Zhejiang, a coastal, trade-focused province south of Shanghai, where 600 businesses used Alibaba to acquire loans worth more than $146 million through China Construction Bank and...
Nor is the political climate necessarily conducive to Big Oil setting up shop in Iraq. The country's parliament has thus far refused to ratify the government's national oil law - drafted under the strong influence of U.S. officials - which would allow international oil companies to acquire an ownership stake...