Word: biddings
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...Senior Shannon Flahive set the tone on day one with a championship in the pentathalon. Flahive’s 3,650 points marked both a personal best and a qualifying bid for ECACs...
...intelligent choice. In particular, we look forward to seeing Carter take on several pressing challenges from the defense industry, which has become alarmingly powerful through its indirect control over procurement policy. The Bush administration’s tenure in office was marked by the rapid proliferation of no-bid contracts between the Pentagon and numerous defense contractors; the result was an ugly mess of a procurement program that failed to achieve any noteworthy successes. The Rumsfeldian fracas over up-armored Humvees—which failed to appear in any appreciable quantity in the Iraqi theater of operations until more than...
...China's shopping spree has gone far beyond oil. The Australian government is examining a bid by the Aluminum Corp. of China or Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising...
...China's buying spree has, however, been selective. The United States was conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan...
...some $30 million - went unsold. The Saint Laurent-Bergé auction continues on Tuesday and Wednesday with the sale of rare furniture and antiquities, including two Chinese animal heads that Beijing says were pilfered and must be returned to China. Earlier on Monday, a Paris court rejected China's bid to stop the sale...