Word: bidding
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...Pessotto, 35, team manager of Italian football club Juventus, after falling 15 meters from a window at the club's headquarters in an apparent suicide attempt; in Turin. He had reportedly been suffering from depression. Formerly a defender with Juventus, Pessotto took up management duties in May in a bid to restore morale at the club amid corruption allegations. Juventus is among 30 defendants in a match-fixing trial that began in Rome last week; Pessotto's name has not been linked with the scandal...
...acquisitions?such as toll roads and airports?into fixed-income funds, which are then sold to yield-hungry retail investors. Lately, the company's concept of an infrastructure play has broadened and its pursuit of acquisitions has grown increasingly audacious?earlier this year it mounted a $2.6 billion bid for the London Stock Exchange. That failed, but the bank's ability to turn tired old assets into lucrative investment vehicles has become so well known in financial circles that some have dubbed deals like the proposed PCCW acquisition "Macquisitions." Macquarie "has developed a lot of intellectual capital in this area...
...Adding PCCW to this expanding portfolio may prove trickier. The news that Macquarie was negotiating with PCCW chairman Richard Li, son of Hong Kong tycoon Li Ka-shing, for his telecom business (which includes a mobile-phone operation and a promising Internet-TV venture) immediately drew a rival bid from private-equity firm Texas Pacific Group and its Asian affiliate, Newbridge Capital Group. Not only does Macquarie have a rival suitor, but the Chinese government may also fatally complicate the deal. That's because China Network Communications Group, one of China's state-owned telephone companies, has a 20% stake...
...factors make his denial more plausible than some would assume. Although Jeb, 53, will likely depart as one of America's most popular governors and one of the GOP's most potent figures, a bid to replace his brother in the White House could leave most voters with the impression that the Bushes are trying to be not just a political dynasty, but royalty. Better, the thinking goes, for Jeb to wait until 2012 or 2016. Another reason is personal: friends and aides say Jeb's family, especially his wife Columba and daughter Noelle, who is recovering from drug addiction...
...That fit of pique was another reminder that Jeb's notoriously thin skin is another large part of his legacy - and a potential problem in any presidential bid. Thom Rumberger, a GOP attorney and Jeb friend, calls him "the brightest Governor in this state's history. But to be President he'll need a little moderation and willingness to accept counsel once in a while instead of the my-way-or-the-highway approach he's prone...