Word: bidding
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Dates: during 1990-1999
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Frans Swarttouw, former chairman of the Fokker aircraft company and one of the Netherlands' most colorful businessmen, bid an unusual farewell to his countrymen a few weeks ago. Stricken with throat cancer, the executive, 64, who once characterized an entrepreneur as "a guy who works hard, drinks himself into the ground and chases women," said he had stopped his painful therapy and opted out of a life-saving operation that would have left him an invalid. "I want to be able to draw the line myself," he said on TV. Three days later, he was put to death...
Silverman, who founded HFS as Hospitality Franchise Systems in 1990 and took it public in 1992, has his company in the thick of some of the hottest plays on Wall Street. If Hilton Hotels Corp. succeeds in its hostile $6.5 billion takeover bid for ITT Corp. and its chain of 424 Sheraton properties, as many analysts think likely, HFS will add the luxe Sheraton brand to its already bulging portfolio. That's because Hilton ceo Stephen Bollenbach wants to license HFS to franchise the Sheraton trademark worldwide. Says Bollenbach of Silverman: "He can do more for the Sheraton brand than...
Fairfield (11-19), which had the worst record in the 64-team field and no starter over 6-foot-6, made a strong bid to become the first No. 16 seed ever to beat a No. 1 seed in the tournament...
...average biotech stock has doubled in two years and reached a four-year high. Following the cloning news out of Scotland, investors indiscriminately bid up stocks of cloning companies. Shares of PPL Therapeutics of Edinburgh, which helped fund the sheep-cloning research, jumped 16% in a day. There have been some genuine commercial successes, such as Biogen Inc.'s drug Avonex, approved last year to treat multiple sclerosis. Still, a dangerous froth is forming. "During the next six months you're going to see quite a few disasters," predicts Evan Sturza of Sturza's Medical Investment Letter...
Dartmouth ('89-90) and Princeton ('92-93) are the only Ivy teams, other than this year's Crimson, to take perfect league records into the final game of the season. Harvard thwarted Dartmouth's bid with a desperation shot at the buzzer...