Word: biddinger
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Sumner Redstone, a man who does not easily toss in his cards, was determined not to be shunted aside in the bidding war for Paramount Communications last week. As the clock ticked down toward a Friday-midnight deadline for new bids, Wall Street was wondering whether Viacom Inc.'s chairman...
* Despite the questions swirling around the merger, the new offer is enough to prolong the contentious five-month battle for control of Paramount and cast renewed uncertainty over its outcome. With his latest parry -- even if it turns out to be as ineffectual as Diller thinks it is -- Redstone has...
After five months of brawling, it finally seems as though the end is in sight. While he stopped short of declaring outright victory for the home- shopping channel, "Diller will not lose any sleep over this new bid," says analyst Logsdon. If Diller does not alter his own bid (most...
Medieval theologians believed that angels had to exist to fill the gap between God and humankind. In ancient civilizations, whose multiplicity of deities socialized freely with mortals, there was little need for divine intermediaries. But a faith in one just and awesome God invited the comforting intercession of angels to...
But until local officials somehow get wise to the futility of bidding themselves into poverty to attract businesses, tax abatements are just too damaging overall to justify their possible beneficial employment. Outrageous incentives must go. Taxes are not some form of negotiable tribute: states and localities must adopt fair tax...