Word: acquirees
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If Chrysler is forced to declare bankruptcy, Fiat would be protected from losses and might even be able to acquire American assets at favorable prices in the shakeout. A senior Fiat official calls Tuesday's signature "just a start," noting that much will depend on how the U.S. auto bailout...
And Alitalia is losing much more than its artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive...
Israel's Defense Minister, Ehud Barak, has promised a "war to the bitter end." But after 60 years of struggle to defend their existence against foreign threats and enemies within, many Israelis may be wondering, Where does that end lie? The threat posed by Hamas is only the most immediate...
Cerberus LLC, the once powerful private equity firm, swept into Detroit in the autumn of 2006 to acquire a 51% stake in GMAC, General Motors' financial arm, and less than a year later it drove off with Chrysler, described at the time as the "capstone" of Cerberus' industrial empire. Never...
Beyond money, the Mafia is a study in power. Provenzano withstood conditions of abject poverty in order to reign over a vast criminal network from the heartland of the Italian island. (A boss who flees his home turf with a suitcase of cash is, on the other hand, considered a...