Word: bidness
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Dates: during 2000-2009
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...major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits in Australia. The bid sparked a huge controversy in Australia, with the political opposition running TV ads skewering any proposed deal. In June Rio Tinto's shareholders backed out, arguing that the company's recovering stock price allowed them to consider other offers. In the end Australian-British mining giant BHP Billiton stepped into...
...Chicago's bid has received positive feedback, and many consider the Windy City to be the favorite to win the Games. So why, less than three months before the vote, is the Olympic governing body of the U.S. ticking off the very officials who will decide Chicago's fate, in a move that could cost an American city the Games? (See pictures of U.S. Olympian Dara Torres...
...members to vote in its favor to win. One ballot can tip the balance, and this new dustup could alter a member's decision. "This is an absolutely unnecessary self-inflicted wound," says Marc Ganis, a Chicago-based sports-business consultant who has closely followed the 2016 bid. "It just serves to remind the IOC of their preconceived notion that the Americans are arrogant and self-serving...
...that we bailed out are major players in the energy markets: Citigroup, through its Phibro commodities-trading subsidiary, and Goldman Sachs, through its energy-trading desk. Banks are most likely playing a key role in the current run by putting the bailout money to good use: to continue the bid for oil. Again, just a fraction of the bailout is enough to corner the market and rig the price of crude - not that any of these players would dare...
...privately urging Johnson to establish troop level ceilings and to halt the bombings, which McNamara had come to believe were futile. In 1967, he pressed Johnson more firmly to consider a peace settlement. Johnson, believing that McNamara was aiding a presidential bid by Robert F. Kennedy '48, announced in Nov. 1967 that McNamara would be stepping down as defense secretary to head the World Bank...