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...Once CNOOC had bid $18.5 billion for Unocal, topping Chevron's offer, the action quickly shifted to Washington. There, egged on by Chevron's lobbyists, Congress raised a series of objections to the deal, particularly noting supposed security risks for the U.S. in a CNOOC-Unocal marriage. Most energy experts believe that the risks either didn't exist, or could easily have been dealt with. "There are no security issues?none," oil consultant Philip Verleger said earlier this summer. It was the congressional opposition that CNOOC's advisors?all American, all very experienced, and all very well paid?didn...

Author: /time Magazine | Title: Sunset for a Deal | 8/7/2005 | See Source »

...Unocal, no one had exactly covered themselves in glory. Fu, the personable CEO who had gone to graduate school in Los Angeles near Unocal's headquarters, had taken a pratfall right out of the gate back in late March, failing to inform his board members about the bid until just two days before he was going to launch it. When virtually the entire eight-member board?and not, as earlier reports had it, just the outside directors?balked, Fu had to back off. That allowed Chevron to make the first bid, and forced CNOOC to play catch-up all summer...

Author: /time Magazine | Title: Sunset for a Deal | 8/7/2005 | See Source »

Harvard put the cleaning contracts up for bid, and three companies—Harvard Facilities Maintenance Operations (FMO), UNICCO Service Company, and ABC Maintenance—all underbid the existing provider, Rufo Cleaning and Maintenance (RCM). Following a month-long delay that forced Harvard to keep its building cleaning contracts with RCM, Harvard will award contracts to the three other companies on September...

Author: By Samuel C. Scott, CRIMSON STAFF WRITER | Title: Union Disputes Contracts | 8/5/2005 | See Source »

...bombs over Hiroshima and Nagasaki drove Japan to accept defeat in history's bloodiest conflict. Japan has focused on peaceful economic development over the intervening six decades, and can take much of the credit for Asia's 20th century boom. But recent debate over issues such as Japan's bid for a permanent seat on the U.N. Security Council, or reforms to its pacifist constitution to allow a standing army, has made some of its neighbors uneasy...

Author: /time Magazine | Title: Japan's Nervous Neighbors | 8/1/2005 | See Source »

...message is that poverty must be eradicated. If music is the medium to rouse the Western world, so be it. Politicians aim to leave a legacy, and it's a good time for Blair to do so. Krishan Sapra Crawley, England Good from the Games Re "Why Back The Bid?" on why cities should think twice before wanting to play host to the Olympics [July 4-11]: I returned to Athens after nearly two decades abroad, and I can attest to the great improvements that the Games brought to life in this city, which was the site...

Author: /time Magazine | Title: The Wonders of Europe | 7/31/2005 | See Source »

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