Word: mergers
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They have certainly set the industry into a tizz. In a game choked with visionless dolts, the merger of these men suggests a surprising convergence of Hollywood brains. "We want to back our own movies, be the owners of our own dreams," Spielberg says. "Everybody sees the romance in what we're trying to do, not just the business savvy...
...company was fated not to do well from the beginning. Acquired as a unit of GE Capital, a major provider of financial services, Kidder represented a plunge into brokerage and investment banking fields that GE knew little about. Scandal struck soon after the deal was completed when former Kidder merger whiz Martin Siegel pleaded guilty to illegal stock trading and tax evasion in a case that broke open Wall Street's most notorious insider- trading ring. This year Kidder has witnessed not only another huge scam but a swift run-up in interest rates that has battered the firm...
...merger has begun to yield some competitive improvements, hospital executives...
...that cable firms will have to merge or form joint ventures with the Bells, or with a giant like AT&T, to survive in the interactive era. Cable leaders who have tried this include John Malone, chairman of Tele-Communications Inc., the No. 1 U.S. cable company, whose proposed merger with Bell Atlantic fizzled last February...
...Merger mania continued in the telecommunications industry. Long-distance phone company LDDS Communications proffered $2.5 billion in cash for WilTel, the long-distance unit of Williams Cos. The deal bolsters LDDS's ambitions to challenge AT&T, MCI and Sprint. Meanwhile, AT&T received federal court approval for a $12.6 billion plan to buy McCaw Cellular Communications, the country's largest wireless-phone company...