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...Certainly Case and his company made the perfect Icarus. One of the Internet's great touts as head of AOL, he became one of its great arbitrageurs too when he engineered the merger with Time Warner just before the bubble popped. AOL shareholders who got out made out, but three years later the combined company's stock is down to $15 from $72 and the AOL unit is still looking for a model that can come close to the dizzying growth rates of the past. Throw in several ongoing investigations into accounting at the pre-merger AOL and the suspicion...

Author: /time Magazine | Title: Person of the Week: Steve Case | 1/16/2003 | See Source »

...Every Day Low Price (EDLP) culture. But expansion in Germany has been less than stellar, delaying, perhaps, Wal-Mart's move into the rest of Europe. Wal-Mart reached Europe in 1998 when it bought Germany's Wertkauf. A year later it added Interspar, and then mangled the merger in almost every way possible. "We could write a training manual about our experiences in Germany," Scott says. "We really did more things wrong than right." German consumers love low grocery prices, which would make them the perfect clientele for Wal-Mart, but they, too, experienced culture shock when confronted...

Author: /time Magazine | Title: Inside The World's Biggest Store | 1/12/2003 | See Source »

...among the most profitable legal businesses in the world, and employ some 520,000 people in Europe. And yet the sector has been behaving lately as if it were in a sharp downturn. The battle for control of Bayer is just the latest in a series of corporate partnerships, mergers and hostile takeovers that have shaken up the drug industry in recent years. Why such an urge to merge? One reason is that developing drugs has become both harder and more expensive than ever. It takes on average 15 years to bring a drug to market from inception. The cost...

Author: /time Magazine | Title: Who'll Swallow Bayer? | 1/5/2003 | See Source »

LINDA BARTLETT Marriott's Merger Maven She led Marriott International's streamlining effort and produced impressive results. By using the Web to expedite tasks like expense reporting and by securing better prices from vendors, she helped Marriott save some $40 million a year. The company just promoted Bartlett, 44, to a bigger job, where her eye for bargains should come in handy: head of mergers and acquisitions...

Author: /time Magazine | Title: People to Watch in International Business | 12/23/2002 | See Source »

Committee member Alice L. Turkel proposed a compromise measure to close just the Harrington School, saying inaction on the merger question would threaten the district’s credibility...

Author: By Claire A. Pasternack, CRIMSON STAFF WRITER | Title: Vote Saves Two Local Schools, Delays Closures | 12/18/2002 | See Source »

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