Word: bidding
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...ANHEUSER-BUSCH, the world's largest brewer; a takeover battle for control of Harbin Brewery, China's fourth-largest beermaker; in Harbin. U.S.-based Anheuser offered $717 million for 70% of Harbin's shares, beating out a hostile bid by London-based rival SABMiller. The takeover battle marked the first time foreign companies have vied for the right to acquire a publicly traded Chinese company...
...after Chalabi, the U.S. risks alienating some of its few remaining allies in Iraq while inviting fresh doubts about its judgment--all at a time when the U.S. is trying to line up support for the planned transfer of power on June 30 in a last-gasp bid to stave off spiraling discontent with the occupation. "This is always the way the United States does things," Chalabi tells TIME. "One of the first things they do when they come into a place is turn their backs on their friends who were instrumental in bringing them there." About that much...
Roosevelt delayed D-day for so long not to punish the Russians but to protect Americans--and to lay the groundwork for the U.S.'s postwar international leadership. He knew all too well that his isolationist countrymen had scuttled Woodrow Wilson's bid to claim that leadership after World War I. He was worried that demanding too great a sacrifice in World War II might once again sour the nation on assuming its international responsibilities. Then all his painstaking work to wean Americans from their provincial ways would be squandered and the world once again rendered unsafe for democracy...
Some companies are adopting more sophisticated formulas that peg CEO compensation to benchmarks other than the stock price in a bid to align pay more closely with performance. During each of the next three years, Hewlett-Packard CEO Carly Fiorina can accrue up to 150% of a nearly $2 million cash award if she meets certain criteria for operating cash flow. But she will collect the full amount only if at the end of the three years HP stock has outperformed at least half the companies in the S&P 500. IBM is now granting its top 300 senior executives...
...stub in your sock drawer, experts say it's probable you'll be able to sell it as a collector's item for hundreds, if not thousands, of dollars in 10 or so years. Think that sounds crazy? Last week's winning eBay bid for an uncashed $2 Smarty Jones ticket from the Kentucky Derby...