Word: busting
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...frenzy is deal jumping. In the past, such a tactic was rare in the private-equity club. Historically, going-private transactions were bumped only when a strategic buyer jumped in, such as Whirlpool Corp. against Ripplewood in the Maytag contest, or Building Materials Corp. of America's attempt to bust up the Carlyle Group's buyout of ElkCorp. For PE investors deal jumping was considered a faux pas. "It has long been suspected that there is an unwritten gentleman's agreement among private-equity firms to refrain from jumping each other's deals," said Chris Young, director...
Such heartfelt individual meditations have taken a collective toll on the cemetery. Vandals long ago dismantled the outsize bust of Morrison that once topped the grave. By then, the grave site had been covered in graffiti by fans. Other tombstones, vandalized with arrows labeled Jim that directed the way to Morrison's grave, have since been wiped clean. Cemetery staff blocked off the plot with metal barricades a few years ago. Asked for directions, a staff member sniffs: "We are a cemetery, not a tourist service...
...months after Grease: a stupendous flop, Moment by Moment ($11 million). He had endured the first big up-down in a notably seismic career. Urban Cowboy boom, Two of a Kind bust; Staying Alive a zig, Perfect a zag. The sassy-baby Look Who's Talking was his top grosser since Grease; then he had another recession until Pulp Fiction pegged him as the cool bad guy and won him a string of hits. Another soft phase set in until this year's comedy smash Wild Hogs...
...winds. Some investors are already miffed at the government for allowing the IPO spigot to open wide, saying that the burgeoning supply of shares could push prices down. As far as the authorities are concerned, a bit of a correction is probably welcome. But they don't want a bust. When the Shanghai Composite Index plunged 8.8% in February after analysts warned Beijing was about to impose a capital-gains tax, the government quickly backed off. Stocks resumed their rise, but dangers remain. As tech investors learned in 1999, corrections have a way of becoming something worse-and $52 billion...
...last thing the hurricane-scarred city needed to hear. Tidewater was founded here a little more than 50 years ago, and kept its main office in New Orleans throughout the oil bust of the 1980s and the following decades of industry consolidation, when dozens of energy firms all but abandoned New Orleans for greener pastures on the Texas coast. In the nearly two years since Hurricane Katrina ravaged the city, the pace of exodus has accelerated, complicating New Orleans' halting recovery; according to the local business weekly CityBusiness, the metropolitan area has lost 12 of the 23 publicly traded companies...