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Corporate Raider Carl Icahn's usual strategy is to buy a stake in a target company and then sell out to another bidder at a huge profit. But this time the New York City financier may stick around and keep the business. Last week he gained virtual control of TWA, the sixth largest U.S. airline, by accumulating at least 45.5% of the company's stock. In the process Icahn may have defeated Frank Lorenzo, the chairman of Texas Air and a rival bidder for TWA, with a series of intricate maneuvers worthy of the Navy's Blue Angels flying aces...

Author: /time Magazine | Title: Closing In:Carl Icahn encircles TWA | 4/18/2005 | See Source »

...canvas between 1495 and 1505, when he was court painter for the worldly Gonzagas of Mantua. They would have appreciated the jealousies the sale has triggered. Britain may still seek to keep the painting in the country by refusing to grant an export license. And Daniel Wildenstein, an unsuccessful bidder, howled, "I am furious not to have the picture." The Marquess of Northampton, however, was said to be delighted by the price. But then, of course, he was the owner...

Author: /time Magazine | Title: People: Apr. 29, 1985 | 4/12/2005 | See Source »

Delaware North Cos., which owns the arena, went through with the only logical solution: selling naming rights to the highest bidder...

Author: By Alex Mcphillips, CRIMSON STAFF WRITER | Title: 'Bama Slamma: FleetCenter Inspires Creative Greatness | 3/2/2005 | See Source »

...wouldn't even look at me--and said, "That woman will not go down in my tunnel." I was very fortunate to have a project manager who looked at this man and said, "I will be more than happy to award this to the next lowest bidder tomorrow morning." Of course they resolved their differences. But I did have my problems when I went out to the site for the first time. I went down in a bucket off of a crane to be lowered into the shaft, and the crane driver swung the cage wildly on purpose...

Author: /time Magazine | Title: Bad Idea. You'll Flunk Out | 2/27/2005 | See Source »

...even want, and our sportsman's juices surge: It's the two-minute warning at Super Bowl XXXVI. (New England Patriots 20, St. Louis Rams 17.) For guys at an online auction, it's not just the getting that counts, it's the crushing of another bidder's acquisitive spirit. In the final seconds of an auction, we - all right, I - enter a last, astronomical bid. I won, won, won! Then the inevitable deflation sets in: But what did I win? And what am I going to do with it? (Probably try to sell it on eBay...

Author: /time Magazine | Title: Whatever Happened to Movie Sex? | 11/24/2004 | See Source »

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