Word: mergers
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Dates: during 2000-2009
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With the approval last month by Cinergy's board of a merger with Duke Energy, Rogers is poised to run one of America's largest utilities, and he aims to lead by example. In recent years, Cinergy has spent $1 billion to increase its use of cleaner-burning natural gas, including $200 million to convert a coal-fired plant, and Rogers has cut Cinergy's reliance on coal from 87% of its fuel to 73%. He has pledged to reduce Cinergy's CO2 emissions 5% below 2000 levels by 2012, and he is investing in projects to sequester carbon...
...Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that the Europeans turned out to be as conservative as any traditional Easterner. Their reaction confirmed that a strong psychological barrier between West and East still exists. Anis Alam Saeed Karachi The Secrets of Ambition Staying power is important, but success has many more...
...historical anecdotes illustrate Harvard’s male-centrism. Prior to 1967, Radcliffe women were excluded from Lamont library. Throughout the 1970s, male students outnumbered women by a ratio upwards of three to one. The 1999 merger of Radcliffe College with Harvard caused the disappearance of both the financial support and the space Radcliffe provided for female students. A particularly large loss was the Lyman Common Room in Radcliffe Yard, which served as a de facto women’s center and left Harvard as the only Ivy League institution without a comparable space. Even as recently as 2002, Harvard...
...white paper published last month by consultants Global Insight, argues that from three to seven firms could help lift the bloc's competitiveness, "provided that [the energy companies] are clearly seen to compete and do not lapse into a cozy oligopoly." Because Brussels lacks the power to veto every merger outright, Weale recommends capping large firms' share of domestic or regional markets, encouraging them to recover that lost market share in a neighboring member state. Brussels, though, might be hard pushed to enforce the measure. And such a change, if it came at all, would take years to implement...
...engineer by training, Lauvergeon worked as an aide to French President François Mitterrand before joining the Lazard investment bank. In the late 1990s, the government asked her to take over Cogema, a state-owned nuclear reprocessing company. Convinced that nuclear power had a big future, she orchestrated a merger with the other state-owned nuclear company, Framatome, which built plants and mined uranium, to create a French colossus. She has sought to create a positive image for the firm and for nuclear power in general by sponsoring the French yacht in the America's Cup race and by launching...