Word: staked
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...task just got more complicated: Yahoo's intention to invest $1 billion for a 40 percent stake in eBay rival Alibaba-Taobao, a company that was already making life difficult for eBay in China, means the fight for control of the world's next great e-commerce market will be ?fierce,? as Yahoo! co-founder Jerry Yang acknowledged in an interview with TIME...
...bankers were still gung-ho, preparing to bid between $72 and $73 per share for Unocal?up from their initial $67 offer. Then, on July 19, came word that CNOOC's largest private shareholder, investment firm William Blair & Co. in Chicago, was dumping its entire stake in CNOOC?$141 million?fearful that Fu would overpay for Unocal. "We're not in favor of the bid," said David Merjan, a fund manager at the firm...
...efforts of those opposed to CNOOC to portray it as part of a government monolith immune to commercial pressures, Fu and his managers have run one of the most transparent?and shareholder-friendly?companies in the new China. It stung when the largest private shareholder dumped its stake and publicly decried the possibility of a deal. Facts on the ground were piling up, and soon Fu began to prepare his retreat...
...good start. In the second quarter, it generated 67% of Wendy's operating profit even though it accounted for only around 30% of Wendy's $951 million in revenues. To highlight that value, Wendy's announced last month that it would sell as much as an 18% stake in Tim's by early next year. In Canada, where Tim's is bigger than McDonald's (2,492 stores vs. 1,375), the 41-year-old company dominates many small- and medium-size markets; it hopes to do the same in cities like Dayton, Ohio, and Detroit. Part coffee-and-doughnut...
...Supreme Court. And in his roles as a hired corporate gun or a political appointee, as he and many other lawyers see it, he was simply representing the interests of his clients or his boss, including those of the President. That may well be true. But what is at stake is a lifetime appointment as the replacement for the court's key swing vote, so that is a distinction that liberal interest groups and at least a few Senate Democrats are likely to ignore...