Word: scuttlebutt
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...crushing health-care liabilities, the company is no quick turnaround play. So you have to wonder, What is he thinking? Kerkorian isn't talking--he has been virtually silent with the press since 1971. But there was no shortage of speculation on Wall Street and in Detroit. The scuttlebutt: that Kerkorian will try to force GM to spin off its lucrative financing unit, GMAC; that he will try to line up a murderers' row of billionaires and private equity firms for a hostile takeover; that he will make such a pest of himself that GM will...
...done yet. Behind a smothering veil of secrecy, he's setting up a new search company in Palo Alto, Calif., called A9.com "All I can tell you is that we're working on some interesting things that we simply cannot talk about at this point," says Bezos. The scuttlebutt is that A9 will be focused on product search, so it will compete less with Google than with Froogle--a relatively small slice of the search market but potentially the richest. Amazon--which is still glowing from its first profitable nonholiday quarter ever--has been working with a shadowy start...
...Yuhuan county, where at least four riots occurred in the space of five days last week?despite there being no confirmed SARS cases in the region. For weeks, Yuhuan villagers had to rely solely on inadequate central-government information about SARS, leaving a vacuum in which unsubstantiated local scuttlebutt spread wildly. Beijing and Shanghai officials have efficiently blanketed their cities with SARS information for weeks now. But it was only after the riots started last week that Yuhuan cadres bothered to fully educate their villagers, handing out pamphlets and putting up banners proclaiming "The General Trend Is That We Will...
...crowd of about 200 gathers outside the Ho Chi Minh City People's Court to hear the scuttlebutt on Vietnam's spiciest trial in memory. Nam Cam, Vietnam's most powerful and vicious gangster, is in the dock on seven charges, including murder, along with at least 154 co-accused. He will probably face a firing squad. Suddenly, police throw seven women into a jeep and drive them away. "A threat to the peace," one policeman explains. The women's crime: they were trying to sell fans and cold drinks to the spectators...
...Moxley family argued that the Skakels were using their wealth and their Kennedy connections to stifle the investigation. But just when all hope seemed lost, it was, ironically, the Kennedy name that revived it. The 1991 rape trial of William Kennedy Smith created a voracious demand for Kennedy scuttlebutt, and when the trial was over, the media turned to the Moxley case for more. A string of books, articles and TV shows about the murder followed. Goaded by the media coverage, detectives began reinterviewing people connected with the crime, gathering new evidence. By 1998 they had found enough to convene...