Word: ponts
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Seagramreportedly wants to sell its 25 percent stake in Du Pont in order to raise money to purchase entertainment giant MCA, according to articles published in The New York Times, The Wall Street Journal and the New York Post today. The Times reports that Seagram could get up to $10 billion for its shares of Du Pont. Those shares were purchased by Seagram for just $3.28 billion in 1981. Seagram, which makes liquor, wine and juice products, reportedly has been talking about a $10 billion deal to buy MCA from the Matsushita Electrical Industrial Co. The Times reported that...
Nicandros could hardly have battled further because he faced opposition within his own corporate family. It would have come from the powerful Bronfmans--Edgar Bronfman Sr. and sons Edgar Jr. and Charles--who control the Seagrams liquor company and hold three seats on the board of Du Pont-and who, significantly, had not been informed of the deal earlier. As political contributors and officers of the World Jewish Congress, which vehemently opposes U.S. trade with Iran, the Bronfmans have voices that are heard in Washington. Edgar Bronfman Sr. used prearranged meetings with top lawmakers such as House Speaker Newt Gingrich...
...Houston based subsidiary of the Du Pont corporation, Conoco won a contract with the Iranian government to develop two off-shore oil fields in the Persian Gulf in a deal reputedly worth approximately one billion dollars...
...sooner had Conoco announced the contract than voices of protest mounted, both in the Clinton Administration and in the Du Pont corporation itself. While Conoco's deal did not represent a violation of American law (the oil from the fields was not to be brought into the United States) it did constitute a gross violation of the spirit' of American policy Vis-a-vis the Islamic regime in Iran...
More than 300 paintings were discovered late last year in a cave near the town of Vallon-Pont-d'Arc in southern France, the French government has revealed. Experts say the 20,000-year-old gallery may surpass the famous grottoes at Lascaux, France, and Altamira, Spain. The cavern was said to be perfectly intact, with animal bones, flint knives and even footprints preserved on the floor...