Word: staking
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...embroiled in a furious court battle with authorities over a more than $80 million tax demand from 2000 that has prompted complaints from the Japanese government. And tax isn't the only weapon; this month, the German electronics manufacturer Siemens was officially told it couldn't acquire a majority stake in a Russian company that manufactures some defense-related equipment. Siemens had offered between $200 million and $300 million for a 73% stake in the firm, Power Machines, but the deal was blocked by Russia's antitrust authority, reportedly for national security reasons. "Success automatically makes you a target," says...
...when the firm ran into trouble, they exchanged some of its debt for equity. In all, the Palestinians invested about $200 million in Orascom - at one point, the official Palestine Investment Fund owned 9% of the company and had a seat on the board. It has since reduced its stake by two-thirds, but remains a shareholder...
Forget “Star Wars” though. George Lucas won’t be around forever, unless the billions of dollars he’s sucked out of the collective American wallet have made him immortal. More important things are at stake, like cinema’s powerful relationship to the world around...
According to the most recent Securities Exchange Commission filings available, the Harvard stake in Unocal is approximately $2.1 million. However, BAM’s call for divestment from Unocal has a critical flaw: Unocal is no longer invested in Burma. Unocal has formally sold its stake in the oil pipeline that was the subject of much controversy, and they have settled two separate cases with EarthRights International regarding the issue. In fact, according to annual reports, Unocal currently has no involvement with any onshore Burmese operations; their only current local affiliation is with an off-shore drilling operation that...
...ultimately it is a very serious and difficult business that the school has committed us to,” he added. “We’re not normally in the business of providing services, let alone internationally. Quality matters. There are human lives at stake. There are big issues of liability...