Word: auctions
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Dates: during 2000-2009
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...related tweets reached 5,000 per minute the day he died; Twitter was so overwhelmed that some users couldn't get into their accounts. Wikipedia buckled temporarily after hundreds of edits were made to Jackson's page. Across the Internet, more than 24,000 Jackson collectibles were offered for auction or sale. Jackson was crowned the King of Pop back before new media helped crack the monolith of radio pop into innumerable subgenres, from hip-hop and house to praise rock and adult contemporary. But the old-media monarch showed, one last time, that he still reigned: the world stopped...
...that his mother had sued him, Borja's lawyers wrote, the scion no longer finds any "moral impediment" to prevent him from doing the same. In which case one of the greatest collections of European art in the world could soon find itself on the auction block...
...Until recently, that change looked like it might never happen. Last summer, Iraq's government hosted an auction for eight large oil and gas fields at Baghdad's high-end Al-Rashid Hotel. There, oil executives from the U.S., Europe, Russia, China and South Korea paraded on stage and dropped their bids into a sealed box, in a ceremony broadcast live on Iraqi television. It was meant to be grand theater, but proved a p.r. failure for Baghdad. Just one bid succeeded: it was submitted by a partnership between Britain's BP and China National Petroleum Corp. (CNPC) for production...
...auction's failure was due in part to the government's inflexibility. Baghdad is under pressure by Iraq's feisty oil unions and politicians, who have accused leaders of aiming to sell the country's riches on the cheap to gain a little short-term relief for the economy. Oil executives argued they should be paid as much as $3.99 a barrel - nearly double the government offer - because of the risks involved. Operating in Iraq means investing billions in an unstable country where foreign oil workers are routinely kidnapped and insurgents have blown hundreds of holes in pipelines. Rochdi Younsi...
...unclear whether Satyam's new owner, Tech Mahindra, will benefit as assets are identified and recovered. Tech Mahindra bought a 47.2% stake in the tainted company for $600 million in a government auction in April. If the fraud money reappears as assets in the name of the company, its good news for Tech Mahindra, which paid a huge sum for Satyam and its liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says...