Word: bidness
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Dates: during 1990-1999
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TIME business reporter Tom Curry says analysts and portfolio managers are divided on whether Kerkorian's bid is credible. One portfolio manager whose funds own a large Chrysler stake told Curry that he believes Kerkorian's bid is for real: "I think he's trying to steal the company, which is what really successful investors...
...York auto show speech.TIME Detroit bureau chief William McWhirtersays Chrysler is well positioned to fight a takeover because of its profitability, as well as Eaton's financial acumen. Nevertheless, McWhirter says the announcement sent shock waves through a U.S. industry that has never before been targeted by such a bid. Kerkorian already owns 10 percent of Chrysler. Iacocca, 70, said he does not want to go back into management. As for their plans for the firm, a press release provided by Kerkorian and Iacocca indicated that they would like to expand more aggressively into overseas markets...
Major leaguebaseball owners struck outin court again today, as a federal appeals panel rejected their bid to stay an injunction issued against them for unfair labor practices. The three-judge appeals panel indicated there is little chance the injunction will be overturned in appeal proceedings scheduled...
True to his instincts, the investor friend I mentioned earlier naturally waited for Hagstrom's readers to bid up Buffett's stock to an extravagant level before buying his first share. Had he read Hagstrom's book beforehand, he might have thought better of it because another of Buffett's rules is that you should pay sensible prices for things...
...Senate today made Kansas Rep. Dan Glickman secretary of agriculture in a 94-0 vote. Glickman succeedsMike Espy, who stepped down last year after revelations that he got favors from firms doing business with the agency. Glickman last year lost his bid for re-election to a 10th House term...