Word: bidness
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Dates: during 1990-1999
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...Federal Communications Commission launched an investigation into whether some buyers in the first-ever government auction of wireless licenses last month were up to no good. At issue: the FCC says some companies may have falsified information about their ability to pay for licenses they bid on, and some may have falsely claimed to be minority- or female-owned to gain special bidding preferences. The probe was begun after 27 of 178 winning companies failed to make down-payments for "interactive" licenses, which permit companies to offer customers two-way video and data services -- like video on demand...
...owners are looking for a way to hold down costs, but the job would be a lot easier, in their view, if their employees were not free agents. Ever since players won the right to shop their services after six years in the majors to any team willing to bid for them, salaries have soared. But what would happen if the players were free starting from Day One? That, oddly enough, could depress salaries even more than the owners' much desired salary...
Just last week, American Home Products, a sprawling outfit whose wares range from Anacin to Chef Boyardee spaghetti and meatballs, launched an $8.5 billion hostile bid for pharmaceutical maker American Cyanamid. At $95 a share, the offer was fully $32 a share more than Cyanamid's recent trading price, which made its shareholders the envy of Wall Street. Moreover, the staggering bid arrived while investors were still humming with reports that the Norfolk Southern railroad was in talks to acquire Conrail, once a sickly ward of the government but now a healthy freight hauler, in a deal that would create...
American Home Products made a surprise $8.5 billion bid for American Cyanamid, as the global pharmaceutical industry continued its breakneck pace of consolidation in the face of impending health reform. The proposed hostile takeover would be one of the largest in recent history...
Tsongas, defeated in his bid for the 1992 Democratic nomination by then-Arkansas Gov. Bill Clinton, also predicted a "generational war" if the federal government fails to balance the budget...