Word: bidding
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There are a few Monterrey-headquartered firms making their way into the world-class league, like Vitro, which manufactures glass. Another is Cemex, the cement behemoth, with $15.3 billion in sales last year--the world's largest producer of ready-mix concrete. It recently made a $12.8 billion bid for Rinker Group of Australia that would be the largest acquisition ever by a Mexican firm and would strengthen Cemex's already leading position in the U.S. market. Such success puts the city on a trajectory pulling further and further ahead of much of the rest of the country. Mexican states...
Collecting art used to be a rich man's sport, played by those whose bank accounts matched their passion for Picassos and Rembrandts. But times have changed. Now it's a spectacularly rich man's sport, as evidenced by the bidding frenzy that took place last week at Christie's in New York City, where $491 million worth of Impressionist and modern art changed hands--the priciest art auction in history. Gustav Klimt's Portrait of Adele Bloch-Bauer II sold for $87.9 million, obliterating the presale estimate of $40 million to $60 million. Three other Klimts--part...
...million, making it the single biggest art sale ever. It topped the previous record breaker--cosmetics magnate Ronald Lauder's purchase of Klimt's Portrait of Adele Bloch-Bauer I in June for $135 million. Although Geffen is rumored to be liquidating some art to make a bid for the Los Angeles Times, it's just as possible that the man senses a market peak when he sees...
...sizzling, not fizzling?and investors are pouring back in, betting that the country is ready to adopt sweeping free-market reforms and open up to the world. There's a sound reason to think things are different this time. Last week, after many years of trying, Vietnam won its bid to join the World Trade Organization, a move that could help liberalize the country's economy and spark an export-driven boom similar to the boost China received after it joined the WTO in 2001. Vietnam is already on a roll. It's GDP growth rate this year is projected...
...individual wins as Harvard (4-0-0, 4-0-0 Ivy) won 14 out of its 15 events on Friday. The Crimson faced Brown (1-1-0, 1-1-0 Ivy) in Providence, cinching its second win of the season, 190-107. Papadakis won both diving events in her bid to return to the NCAA Tournament in 2006-07, taking the 1-meter and 3-meter titles. “We’re all confident she’ll make [the tournament] again,” O’Connor said. Clarke and Morgan joined her as double champions...