Word: stake
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...think tank in in Washington that has often been sympathetic to Chávez. Birns feels Chávez needs to more now than ever guard against his "self-destructive tendencies and not risk his democratic credibility" if he wants to stay relevant. "One of the things at stake in Trinidad," says Birns, "is whether Chávez remains a hemispheric factor to be reckoned with." He most likely will. He just won't own the stage...
...Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...
...Bears and Bulldogs next weekend, to take the title.HARVARD 4, PENN 3The Crimson defeated the Quakers for the first time since 2006, when Harvard was ranked No. 15 and Penn was No. 41. This time, although both teams were unranked, there were still critical Ancient Eight records at stake, as the Crimson kept its hopes alive for an Ivy crown with a victory.A day after Princeton snapped Harvard’s four-match win streak, its longest since winning eight straight in April 2006, the Crimson extended its doubles point win streak to six.Captain Laura Peterzan and freshman Camille Jania...
...years ago, the Chinese called it their Going Out strategy. State-owned companies in key industries were encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was flush with cash and full of optimism--naive optimism, it turned out. Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed...
...Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed, the deal would be the biggest foreign purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group. And China Minmetals, another state-owned firm, offered to pay $1.2 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle...