Word: bp
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...Britain's vast array of state-owned businesses back into private hands. But when some 2.2 billion government shares in British Petroleum -- about 31.5% of the company's equity -- came up for sale last week, the result was an enormous bust. In the wake of Black Monday, BP shares already on the market were trading well below the $5.68-a-share issue price of the new offering, and investors therefore shunned the new $12.2 billion flotation. Underwriters were stuck with millions of unsold shares, and could face losses totaling $1.7 billion. Earlier, British, U.S. and Canadian financial institutions had pleaded...
Nonetheless, some countries remain undeterred. Mediobanca, the leading Italian merchant bank, with assets of $130 million, is still expected to go on the block sometime next year. In Britain, despite the BP setback, Chancellor Lawson last week predicted that privatization would go "from strength to strength." The next item of government business is privatization of Britain's $76 billion worth of electrical utilities...
...critique of what happened to BP I,"Hokinson said, "he forgot to mention that theportion he refers to is retained in another coursecalled MPP, Management Policy and Practice...
Kiechel also said that he "was certainly aware"that there was another course teaching what BP Iformerly covered. "That discussion was castentirely in terms of how it came from my interviewwith [BP I professor] Michael Porter...
...located 110 miles off Aberdeen, Scotland, in the frigid and fogbound waters of the North Sea. Seems that Husband Charles visited a British Petroleum rig earlier this year, and the oil company heard through the royal grapevine that Di was disappointed not to have been included. A BP helicopter was dispatched to Balmoral Castle, where the royal family summers. This time Charles was left home to baby-sit Princes Wills, 3, and Harry, 11 months. Aboard the platform, Diana chatted with the 150 "bears," or rig crew members, all of whom are male. Crooned one: "I can't tell...