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...DIED. LEONARDUS BENYAMIN (BENNY) MURDANI, 71, Indonesian general who plotted the 1975 invasion of East Timor; in Jakarta. A lifelong soldier, Murdani rose to prominence as a member of Indonesia's ?lite parachute battalion during the 1962 invasion of then Dutch-controlled West Papua. The attack on East Timor and subsequent occupation sparked a guerrilla war and led to the deaths of some 200,000 East Timorese over two decades. Jakarta withdrew its forces after a U.N. supervised referendum in 1999 in which the onetime Portuguese colony voted overwhelmingly for independence...

Author: /time Magazine | Title: Milestones | 9/6/2004 | See Source »

...Europe's biggest foundations are also the newest. They include a €820 million foundation set up by Klaus Tschira, a co-founder of the German software firm SAP, which funds science competitions and antismoking campaigns, and a $250 million foundation set up in 2000 by Shell, the Anglo-Dutch oil giant. In Germany some newer foundations are following the example of Reinhard Mohn, who built Germany's Bertelsmann into a media powerhouse after World War II and in 1993 transferred the company's ownership to a foundation that now has about €735 million in assets. In Belgium...

Author: /time Magazine | Title: Opening Up to Charity | 9/5/2004 | See Source »

...ever to win this event. Their success was especially sweet since the Yanks and Aussies were the two strongest, deepest teams in the pool. Australia's Ian Thorpe won four medals, including a gold in the 200-m freestyle, his marquee matchup with Phelps, who got the bronze, and Dutch champion Pieter van den Hoogenband, who took silver. But the U.S. could even share credit for some wins that didn't show up in their medals tally, because many of the athletes swimming for other countries are products of the American collegiate system. Three of the four South African...

Author: /time Magazine | Title: Making A Splash | 8/22/2004 | See Source »

Clicking on The Right Result It may have confounded the Wall Street investment banks, which usually take a larger commission from such deals, but so far Google's unusual IPO has been a hit for a happy handful of investors. Those who waded through the search engine's complex Dutch auction got the stock at $85 a pop, $23 less than the original lowest price expected, then saw it rise more than 27% in the first two days of trading. That put the stock at $108 - exactly where co-founders Larry Page and Sergey Brin advised it would be. Along...

Author: /time Magazine | Title: Bizwatch | 8/22/2004 | See Source »

...game and, improbably, coming out on top. Although much media coverage of Google?s Initial Public Offering portrayed it as a debacle, it was anything but. Brin and Page defied conventional wisdom by launching an IPO that marginalized middlemen and flustered investment bankers. The end result of its Dutch-auction: the company raised $1.67 billion in cash and millions for its individual employees. But it wasn?t without some turbulence. Brin and Page ran afoul of the SEC, reduced the number of shares sold and slashed the offering?s price-range - to mention just a few of the final hour...

Author: /time Magazine | Title: Google Go Lucky | 8/20/2004 | See Source »

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