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...Still, it took a while, one CNOOC board member says, for "reality to impinge." As late as three weeks ago, Fu and his bankers were still gung-ho, preparing to bid between $72 and $73 per share for Unocal?up from their initial $67 offer. Then, on July 19, came word that CNOOC's largest private shareholder, investment firm William Blair & Co. in Chicago, was dumping its entire stake in CNOOC?$141 million?fearful that Fu would overpay for Unocal. "We're not in favor of the bid," said David Merjan, a fund manager at the firm...

Author: /time Magazine | Title: Sunset for a Deal | 8/7/2005 | See Source »

...argue that many factors go into the ups and downs of ratings. CBS's news-gathering staff is still regarded as the best in depth of talent. In the past year the network has been buffeted by a takeover attempt, an embarrassing libel trial and distracting ideological attacks. The gung-ho Dan Rather believes "all of this has made us tougher, better, more mature." Still, a little anxiety might not hurt...

Author: /time Magazine | Title: Newswatch: Emotions Exhibit Themselves | 6/21/2005 | See Source »

...After years of charging that the White House was orchestrating a secret war to subvert their Marxist-oriented government, there on Nicaraguan TV screens was living proof of their allegations: a burly, rugged-looking, redheaded American named Eugene Hasenfus. The prisoner looked the part he played. Hasenfus, 45, a gung-ho patriot and soldier of fortune, had been captured after parachuting from a U.S. plane that was shot down by Nicaraguan soldiers while on a mission to deliver arms to contra rebels in southern Nicaragua. Three other men, two Americans and a Nicaraguan, were killed in the crash...

Author: /time Magazine | Title: Nicaragua: Shot Out of the Sky | 6/21/2005 | See Source »

Mazda will be bringing hundreds of American workers, most of them supervisors, to Hofu in preparation for next September's opening of its first U.S. factory, an assembly plant in Flat Rock, Mich. Much like the fictional Assan Motors in the recent Michael Keaton movie Gung Ho, Mazda bought a closed-down factory from Ford, which owns 25% of the Japanese company, and is building a new $450 million facility on the site. It is Mazda's largest single investment ever, and the Japanese are sparing no effort to ensure the factory's success...

Author: /time Magazine | Title: Mazda University: American workers study kaizen | 6/21/2005 | See Source »

...bear it' when inconsiderate creeps do you dirty"; $12.95) while sipping coffee from a Soldier of Fortune mug ($7.95) and relaxing on a military cot ($99.50). The classifieds bristle with notices from mercenaries, some less discreet than others (MERC FOR HIRE, advertised a man named Dan. NEED WORK FAST). Gung-ho types who apply directly to the magazine are warned that enlisting soldiers of fortune within the U.S. is against the law. Brown maintains, however, that he can publish the ads because he is merely acting as a conduit...

Author: /time Magazine | Title: Press: Quiche Eaters, Read No Further | 4/18/2005 | See Source »

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