Word: acquiree
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For the average Soviet citizen, one of the most galling aspects of the current political order is not that it is predicated on a bankrupt ideology but that it is so manifestly inegalitarian. In what is supposedly a classless society, life for the masses is a ceaseless hustle to acquire...
GM Europe's 200-employee corporate staff in Zurich is known for moving with great speed, notably in its agreement last December to acquire 50% control of Swedish carmaker Saab for $600 million. GM whisked Saab from under the nose of Fiat, which until the last minute thought it would...
Although George Grosz, as the central artist of the show, is the most widely represented, his works do not present any stronger images or critiques than those of the other artists. Stylistically, the pieces are little more than sketches, characterized by bold strokes and two-dimensionality. They acquire their value...
Cohen was determined to build a firm that would rival Merrill Lynch in size. In 1984 he orchestrated a $360 million merger between Shearson/American Express and Lehman Brothers Kuhn Loeb. That move catapulted Shearson into the immensely profitable investment-banking business. But signs of stress began to appear in the...
The regional downturn quickly spread to the housing market. The median price of homes in the New York City area fell from $190,000 in the third quarter of 1988 to $182,600 in the same period last year. In Connecticut so many condominiums are on the block that the...