Word: talal
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Murdoch lined up support last week from Saudi Prince Alwaleed bin Talal, who owns 3% of News' nonvoting shares and said he was willing to convert those shares into voting stock and buy even more. A second prong of defense emerged earlier, when Murdoch's board adopted a "poison pill" provision that would make it hugely expensive for Malone to add to his stake. Poison pills don't sit well with shareholder groups. "They generally are adopted by boards unilaterally just when shareholders least like to see them," says Ann Yerger, acting executive director at the Council of Institutional Investors...
Checking In for A Recovery The U.K. housing market is cooling off, but the hotel sector seems to be heating up. Saudi investor Prince Alwaleed bin Talal is in talks to buy London 's Savoy Hotel for at least $360 million. Ian Schrager has FOR SALE signs up at two London sites, the swanky Sanderson and the St. Martins Lane Hotel. Stelios Haji-Ioannou's easyGroup is launching a chain of no-frills easyHotels in early 2005. And Simon Woodroffe - the man behind the YO! Sushi conveyor-belt eateries - is opening Yotel, cramming luxury into tiny, 10-sq-m rooms...
Investment tycoon, liberal reformer, world's fourth richest person--Saudi Prince Alwaleed bin Talal is a man of many kaffiyehs, and he's adding another: advertiser. In April, Kingdom Holding Co., the $21 billion investment firm that Alwaleed runs, started advertising itself on CNN and CNBC and in the Wall Street Journal, the Financial Times and other media. The ads highlight Kingdom's stakes in a dozen megafirms, such as Citigroup, PepsiCo, News Corp. and Four Seasons Hotels, and include the tag line "Reaching out through global investments." To some, it sounded as if the U.S.-educated prince was trying...
...Talal al-Jalili's life these days is somewhere between a dream and a nightmare. The newly appointed dean of political science at Mosul University says he "lives like a prince," taking home more than $1,000 a month, about five times what he made last year. But he has the dean's job only because his predecessor, Abdul Jabbar Mustafa, was taken at gunpoint from his house on New Year's Eve and shot twice in the head in one of a series of political assassinations in the northern Iraqi city that police have been unable to solve...
...while Saddam's sons were being gunned down by U.S. forces, another less famous supporter of the fugitive Iraqi dictator held his ground. Mowaffaq Mahmoud al-Ani, Iraq's ex-Ambassador to China, has completed seven weeks of an armed occupation of Iraq's embassy in Beijing. According to Talal al-Khudairi, who has been tapped by Iraq's new Foreign Ministry to assume the ambassadorship, al-Ani received a telegram relieving him of his duties on June 6. Determined to ignore the order, al-Ani chained the doors of key embassy offices shut, armed himself and his wife with...