Word: agreement
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...When the markets opened the next morning, Nestle stock tumbled on fears about what such an acquisition would do to its already growing debt. Brabeck kicked off the seminar with an angry lecture, complaining that his remarks had been misinterpreted and reading aloud extracts from the option agreement with L'Oreal--in French. "He was very emotional," says Andrew Wood, an analyst for Sanford C. Bernstein who was present...
...brand in perpetuity to Hershey. The only way for Nestle to get it back would be a change of heart--or a change of control--at Hershey. So when the Hershey Trust put the company up for sale last year, Nestle saw a ripe opportunity. Brabeck made an agreement with Britain's Cadbury Schweppes under which it would return Kit Kat and another brand, Rolo, to Nestle if Cadbury made the winning bid for Hershey. In the end, the Hershey Trust dropped its sale plans, but Nestle has not given up hope. Brabeck says he's "willing...
...decades, having worked his way up from an assistant manager for reservations. After taking over in 1984, he moved aggressively to stretch the airline worldwide; he was the main proponent of Singapore's successful push to become the first Southeast Asian country to sign a bilateral open-skies agreement with the U.S, in 1997. This treaty lets the airline fly to any American city and has inspired similar agreements throughout Asia...
...says Donald Fehr, the executive director of the Major League Baseball Player's Association. "We expect to look into the situation, and are prepared to take appropriate action to respond to any collusive behavior, and to make sure the rights of free agent players under the Basic [collective bargaining] Agreement are fully protected...
...suggestion that such a discussion violates the Basic Agreement is absurd," says Rob Manfred, baseball's lead labor lawyer. Still, the union thinks the meeting was suspect. Several press reports have also suggested that Commissioner Bud Selig - angry about both the scope of A-Rod's free agent demands and the timing of the opt-out from his New York Yankee contract (during the waning moments of this year's World Series, thus overshadowing the sport's signature event) - could be working the back rooms to keep A-Rod from scoring another pay raise. Manfred calls such allegations of tampering...