Word: staking
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Since 1997, the U.S. has responded to these rights violations through sanctions that bar new investment in Burma. Chevron acquired its stake in the Burmese joint venture eight years after the onset of the sanctions, when it purchased rival Unocal in 2005. But since Unocal’s stake in Burma predates the 1997 sanctions, and thus is not a “new investment,” Chevron can keep its stake in the joint venture under federal law. In fact, the joint venture has continued to expand production in Burma since 2005. It added another wellhead platform last...
Historically, Harvard has been reluctant to let human rights considerations affect its investment decisions. But on rare occasions, the University has dropped its holdings in firms that have close ties to particularly reprehensible regimes. In response to the Darfur genocide, Harvard sold its stake in the oil company PetroChina in 2005. The Harvard Corporation, the school’s seven-member senior governing body, cited a “unique pattern of circumstances relating PetroChina to the crisis in Sudan”: oil revenues from a PetroChina-backed project have funded Sudanese weapons purchases, enabling the regime to slaughter innocent...
...debate over its ownership. The myth-shrouded castle is also known as Dracula's Castle: according to legend, Vlad "The Impaler" Draculae, a local ruler known for his cruel torture methods (the story goes he liked to have his dinner while watching his opponents painfully die on a stake) used to inhabit Bran Castle. This, however, is merely a myth, which has its roots in the famous novel by Bram Stoker, and no one knows for sure whether the local ruler ever actually set foot in the castle. Still, on the rumor, 450,000 tourists visit it each year...
...it’s no surprise that Microsoft is reported to be considering buying a stake of up to 5 percent in the popular social networking site...
...block in January 2006, after Federated merged with May Co.?Baker saw a chance to revitalize an iconic brand name. He and his three NRDC Equity partners (one of whom is his father Robert Baker) bought the property for about $1.1 billion, a small stake in Federated's $27 billion business in annual sales. "What we liked about Lord & Taylor was that it had great DNA, a very solid management team and a large amount of spectacular real estate," says Baker. National Realty & Development Corp., the original family business Robert Baker started and continues to own with Richard...