Word: bidness
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Dates: during 1980-1989
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...rumblings of a dollar comeback have been building for months. The resurgence of the U.S. economy after the crash and the narrowing trade gap persuaded many currency speculators that a declining dollar was no longer warranted. But they lacked the confidence to bid up the currency because they feared the U.S. and other industrial countries might simply intervene in the markets and put the dollar back in its lowly place. In late June, however, that perception changed sharply. At their Toronto economic summit meeting, the leaders of the seven major industrialized countries, or G-7, issued a communique that showed...
...tenure in the Pentagon. In June 1986, the magazine reports, Paisley abruptly changed the Navy's acquisition strategy for the Aegis missile defense system in a way that threw the contract to Sperry (now Unisys). He consolidated the work on six separate components of the Aegis into a single bid, and since Sperry was the only company that had developed bids on all the components, it was the only one prepared to bid on the consolidated contract under the tight new deadlines that Paisely imposed...
...past six months. Now the company may finally have succeeded. Last week Icahn conceded that he had lost in a proxy vote of Texaco's 215,000 stockholders. The investors rejected his proposal to put himself and four associates on the oil company's 14-member board in a bid to force Texaco to consider his $60-a-share takeover offer. While the exact tally of the votes is likely to take several more weeks, Icahn figured that he narrowly lost after several major stockholders, notably the Manhattan investment firm Kohlberg Kravis Roberts, said they had voted for Texaco...
...made real estate millionaire who runs an airline-food company in Chicago, discovered that a group of ambitious single mothers and other tenants in the city's LeClaire Courts housing project had formed a small company that prepares meals, mostly for local day-care centers. When Gin decided to bid on a $38 million food-and-beverage contract for fast-growing Midway airport, she offered the LeClaire group a 15% interest in the venture. If Gin wins the contract, the LeClaire operation will own three of Midway's 22 new food concessions, while Gin will provide financing and insurance...
...Saudi money would reduce Texaco's $10.4 billion debt and perhaps help ward off a takeover by Carl Icahn. In fact, the proposed pact was made public the day before Texaco stockholders met to vote on Icahn's bid to win five seats on its 14-member board, a crucial step toward a takeover. Counting of the ballots will not be finished for several weeks, but Icahn says he would not mind sharing Texaco with the Saudis...