Word: awarded
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Pennzoil will not get rich right away. On Dec. 5, Judge Solomon Casseb, who presided over the trial, will review the jury's decision. He could uphold, overturn or reduce the award. Texaco has vowed to fight his decision if it does not get a favorable judgment, and the case could eventually go to the Supreme Court. Whatever the outcome, last week's ruling is likely to make companies and corporate raiders more cautious about the tactics used in megabuck merger negotiations. --By Gordon M. Henry. Reported by Dean Brelis/New York and Gary Taylor/Houston
...necessarily win. Indeed, President-elect José Azcona Hoyo last week set about forming a new government only after he had lost to Candidate Rafael Leonardo Callejas, 42, by more than 200,000 votes. The reason for the topsy-turvy outcome: a decision by a government election commission to award the presidency to the leading candidate of the party that received the most votes in overall balloting for national and municipal offices. Although the Honduran constitution requires a President-elect to win a plurality of the votes, Azcona, 58, a civil engineer and a candidate of the Liberal Party, quickly claimed...
...vehement demand that it be abandoned. It was notable, however, that despite Gorbachev's pre-summit threat that nothing else could be accomplished unless this demand was met, he chose to present himself as moderately satisfied with the summit and to continue the dialogue--leading most observers to award Reagan a summit "victory...
...leases can be inherited. Peasants own their draft animals, and those who prosper can buy machinery; ownership of tractors has burgeoned from 90,000 to 290,000 in the past two years. Though the state retains the power to cancel a peasant family's lease and award it to someone else, that power is rarely exercised. Farm families are increasingly regarding the good earth as theirs and using it about the way they would if they owned it outright...
...decided to write about their plight, and his accounts of the rural poor resonate with Chinese readers. This year he was nominated for the country's top literary award for debut authors. But China's publishers, wary of offending the censors, haven't been as encouraging. The first edition of Li's 2004 coming-of-age novel, Red X, quickly sold out, but there has not been a second printing. Li, 23, has refused the publisher's request to edit out what it called "morally offensive" passages. Li can't yet support his parents so that they can quit their...