Word: mergers
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...firm Cleary Gottlieb, helped the South Korean government stave off default by successfully renegotiating its bank loans. Now he is helping the South Korean microchip maker Hynix sustain its financial health. Walker was recently hired to advise the company in its discussions--including talk of a possible merger--with U.S.-based chipmaking rival Micron Technology...
Then, again, maybe they won't. Davis' most audacious proposal--allowing California cops to put a "roving wiretap" on any phone used by a suspect rather than on specific phone numbers (a power granted to the FBI last October)--is a canny merger of the dramatic and the cheap. No other state has sanctioned roving taps--hence the drama--and civil liberties, while priceless, are free. That helps explain why wiretap laws are also up for modification in Maryland, Illinois, New York and Michigan...
...second marriage, to socialite-journalist Ellin Mackay (she wrote for a new magazine called The New Yorker), earned more headlines: the Lower East Side Jew marrying the Upper East Side Catholic, with her father bitterly opposed to the union. It was the first big showbiz-society merger. F. Scott Fitzgerald, in a retrospective piece on the early 20s, noted that at that time "society and the native arts had not yet mingled - Ellin Mackay was not yet married to Irving Berlin." The two wed in 1926 and honeymooned abroad. The Social Register refused to mention the couple's return...
...Sensing an opportunity, Werner Klemperer's family auctions his monocle TEOFILA MARTINEZ Mayoress of Cadiz is offered a role in the new 007 movie. Rudy Giuliani was passed over despite a fresh waxing and skimpy bikini Losers CARLY FIORINA HP CEO in trouble as Hewletts and Packards oppose Compaq merger. Undoubtedly both of them once owned Presarios MARTHA STEWART Ms. Do-It-Right gets in copyright trouble over her show's theme song. What's the correct etiquette for totally screwing someone over? COURTNEY LOVE Cobain's widow sued by surviving Nirvana members. Apparently, the tiff involves her plan...
...merger has gone off with surprising smoothness, but old Time Warner hands have occasionally bristled at their AOL colleagues. "Some people in the company felt like the brash new kids from Dulles were coming in, overriding our borders and changing our culture," says Parsons. One continuing concern is whether AOL Time Warner will respect the editorial integrity of CNN and the Time Inc. magazines and fund them adequately. Levin, who often invokes TIME magazine founder Henry Luce, says he regards Parsons as someone who has "the Lucean thing about journalistic independence...