Word: fiat
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...Today's biggest deals are three times as large, and several private-equity groups are poring over at least one transaction involving a telecommunications firm in Spain that is worth more than $12 billion. One reason Europe is attractive: such huge firms as electronics giant Siemens, automakers DaimlerChrysler and Fiat and the French media company Vivendi Universal have shed operations they deem no longer core to their fundamental business. Also, investors have been buying medium-size companies whose family owners are looking to sell. Once the Americans take over, they move fast, prodding the firms to make their operations leaner...
...resigned. Heseltine was angry over Prime Minister Margaret Thatcher's refusal to ensure that the country's only helicopter manufacturer, troubled Westland (1985 losses: $137 million), would remain entirely in European hands. Connecticut-based United Technologies Corp., which owns the helicopter maker Sikorsky, has together with Italy's Fiat offered $105 million for a 29.9% share in Westland...
...issue was the rescue of Westland, Britain's only helicopter manufacturer, which lost almost $140 million last year. The company's board of directors favored a bailout bid by Sikorsky, a division of United Technologies Corp. of Hartford, Conn., in conjunction with Italy's Fiat. Heseltine, fearing an erosion of Britain's industrial competitiveness, had promoted a rival rescue plan through an all-European consortium that included British Aerospace (1985 sales: $3.6 billion). The Thatcher government professed to be neutral, but Heseltine and others charged the Prime Minister with favoring...
...point about the Schiavo case. In this instance, in which there was a caring family and a dispute over personal preferences, why didn't the judicial system favor life? On abortion, those of us who believe in federalism (states' rights) are nearly as offended by the process of judicial fiat as we are by the abortion procedure. I would accept legalized abortion if the people in my state voted for it--although I would work to have it banned in a future election. But the passion we conservatives display on the issue is inflamed because an illegitimate judicial process resulted...
...part of it," says Hans Fink, the channel's manager. If it works, he says, Welt will expand into Canada, Latin America and anywhere else where German speakers are desperate for a dose of Deutsch. - By William Boston End Of The Road General Motors agreed to pay Fiat €1.55 billion to terminate a "put" option that could have forced GM to acquire the Italian firm's debt-laden auto division. The companies also unwound some of the their joint-venture agreements. Four days later, Fiat ousted Herbert Demel, its car unit...