Word: swaps
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Dates: during 2000-2009
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...National Association of Manufacturers descended on Washington last week to lobby for the Danforth bill, which besides setting national standards for product-liability suits would establish a new procedure for speedy out-of-court settlement of claims for economic damages. They first gathered at the Marriott Hotel to swap horror stories and pep talks. Under present legal rules, "you're afraid to try anything, put any new product on the market," cried Gust Headbloom, president of Michigan's Apex Broach & Machinery Co. Peter J. Nord, president of Schauer Manufacturing Corp. in Cincinnati, which makes battery-charging machines, drew loud applause...
...next big thing: computer-based toys. They hope to merge Wozniak's current venture, CL9, which makes remote-control devices for home electronics, with Bushnell's Axlon, the manufacturer of talking bears and other high-tech pets. The deal, which they are still negotiating, could involve a cashless swap of each other's stock...
Similar questions were being asked on the West Coast concerning First Interstate's offer to merge with BankAmerica. Chairman Pinola's bid to swap common and preferred shares of First Interstate's stock for BankAmerica holdings was valued by the smaller bank's officials at $18 a share. More skeptical financial analysts put the offer at $13 or $14 a share. The problem, said Paul Baastad, a vice president of the S.G. Warburg investment bank, is that "no one seems to know what BankAmerica is worth. It's a situation where a bunch of vultures are hovering around a wounded...
...that could substantially boost the regime’s oil export revenues. ABB’s contracts in Sudan total to more than $36 million, and the company won a contract last year to improve the country’s power grid. Tatneft allegedly entered an oil-for-weapons swap with the Sudanese government in 2002, although initial reports of the deal have not been confirmed. Tatneft officials did not return repeated requests for comment from the Crimson...
Back in 1994, when Houghton replaced Charles P. Slichter ’45, a beloved physicist and chemist at the University of Illinois, the swap of a businessman for an academic seemed to augur a marked corporatization of the Corporation. But Summers was taking the board in a slightly more specific direction. His appointees were pure economists by training, men most likely to concur with his empirical approach to university governance. And perhaps more importantly, the three economists—Summers, Rubin, and Reischauer, stewards of the golden era of the Clinton economy—were all pals. It would...