Word: nottingham
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DIED. EDWIN STARR, 61, burly Motown soul singer; of a heart attack; at his home in Nottingham, England. The Nashville native gained fame with hits such as Agent Double-O Soul, but will be best remembered for his Grammy-winning 1970 hit War, which included the lyrics "War, what is it good for?/Absolutely nothing...
...foreign exchange. Those benefits are now at risk. As for Bali, the financial effects of the bombs are likely to be catastrophic. Employment on the island may fall more than 20% next year, according to a model developed by Thea Sinclair and Guntur Sugiyarto at the University of Nottingham in Britain. And since Bali was a flagship destination not just for Indonesia--more than half the visitors to the country in 2001 spent time on the island--but for all of Southeast Asia, the ripple effect from the bombings may be felt throughout the region...
...Silvers and his wife Barbara stood before a minister at the Nottingham United Methodist Church in Cleveland, Ohio, for one of the biggest moments of their lives. A dozen friends and family members stood by as they exchanged vows, promising to respect each other and asking the support of those watching. But the vows were a lot different from the ones they had taken 34 years earlier, at their wedding. "We are here to witness an end and a beginning and to share the making of new commitments," said the pastor. "Barbara and J.B. have decided, after much effort, pain...
According to the Centre for Management Buyout Research at the University of Nottingham, there were 45 public-to-private deals in Britain in 1999 worth $6.83 billion, up from 27 worth $3.98 billion in '98. And KPMG Corporate Finance says the growth is continuing; deals during the second quarter of 2000 were worth $8.7 billion, a 334% increase over the first quarter. In Continental Western Europe, the trend is even steeper: 27 deals worth $3.84 billion last year, up from three deals worth $224.3 million in 1998. Significant transactions include KKR's $940.5 million acquisition of British conglomerate Wassall, whose...
...London private-equity investment firm, says that because smaller companies are hard to track, "they are an inefficient way of investing" for fund managers. Of the companies that have gone private, more than 90% are in traditional industries such as paper, textiles, food and water, reckons the University of Nottingham's Mike Wright. "The main motivation is that these companies are not really getting a fair valuation in the market," he says. That's a catch-22 for any company unwilling to stagnate. Investors favor bigger companies, but smaller companies with depressed share prices can't do the things needed...