Word: bidding
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Dates: during 1990-1999
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...Herb Kohl (D-Wis.), the federal law's sponsor, said he was "astonished that the Supreme Court has said that Congress cannot protect our children from guns," and asserted that today's ruling could call other federal laws into question. Today's decision denied a Justice Department bid to reinstate a former San Antonio high school student's conviction for carrying a gun to school...
...Yale students, Sarah, C. Haan '95 and SusanC. Wetstone '97, raised more than $1,000 fromfellow students and alumni, and then offered tomatch Playboy's bid to the studentsselected. One student accepted their offer.Another used the offer to persuade Playboyto raise her fee from...
TIME Washington correspondent Suneel Ratansays Domenici -- the Senate's chief budgeteer -- plans to announce Thursday his plans for cutting an "unimaginable" $1 trillion from projected federal spending over the next seven years in a bid to fulfill the GOP promise to balance the budget by 2002. Roughly a third of those proposed cuts are expected to come from projected Medicare spending. Ratan says that both parties believe such cuts are necessary, and now Domenici is throwing down the gauntlet...
...says Eaton. "If you go through the numbers and look at the cash we went through the last time around--when we had a much lower capital-spending plan--we believe it's absolutely prudent to have that kind of cash [the $7.5 billion] around." The Kerkorian bid has already had one negative impact on the company's ability to borrow. Reasoning that any takeover could leave the company saddled with unmanageable debt, all three credit-rating services quickly placed Chrysler's outstanding debt on their watch lists...
Chrysler's board of directors today formally rejected the$22.8 billion bid by corporate investor Kirk Kerkorian to buy the company,saying the unsolicited offer was disruptive and not in the best interests of shareholders. In today's trading, Chrysler's stock was down half a point to $44 5/8, well below the $55-a-share proposed takeover price. Chrysler also announced that it will use excess cash to increase the dividend or buy back shares, moves that could help shareholders...