Word: swaps
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Bret Saberhagen to the Mets--a super swap, but for which team? Kevin Mitchell to the Mariners--a steal...
BEIRUT, Lebanon--Lebanon's top Shiite Muslim cleric said yesterday that a Western hostage would be released in weeks, but urged a one-time swap involving the captives and Arab prisoners to end the crisis...
Shamseddine called for a comprehensive swap--rather than gradual releases--of Arab prisoners held by Israel in return for the 11 Westerners held by Shiites in Lebanon. But Israel says the detainees will only be freed after a full accounting of its seven missing servicemen...
Unlike the overleveraged '80s buyouts, the sobersided new deals are largely free of debt. That is particularly true of mergers in the beleaguered banking industry, where companies are combining to eliminate overlapping branches and services and thereby cut costs. San Francisco's BankAmerica is using a stock swap to acquire Los Angeles rival Security Pacific in a deal that will create the second largest U.S. banking company after Manhattan's Citicorp. In a similar transaction, Chemical Banking is exchanging $2.3 billion of its shares for the stock of New York City neighbor Manufacturers Hanover. "Debt has become a bad four...
After an initial tart response that Germany "will not be blackmailed," Bonn lapsed into silence. Germany's refusal to swap convicted criminals for kidnapped hostages is well known, and any second thoughts would undoubtedly be checked by pressure from Washington, especially since Mohammed Hammadi was convicted for his role in the 1985 TWA skyjacking, which resulted in the murder of U.S. Navy diver Robert Stethem. How critical the Hammadis will prove in any final settlement remains uncertain. While Hizballah has asserted that it wants the brothers back, it is possible that the demand is merely a noisy tactic designed...