Word: trumping
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...gambling business, the action in corporate boardrooms is almost as furious as it is at the craps tables. Real Estate Developer Donald Trump last week announced a $101 million acquisition of Resorts International. Resorts owns two Atlantic City, N.J., casinos, including the Taj Mahal, which will rank as the world's largest gambling hall when it is completed next year. When the merger is accomplished, Trump will control some 15% of Atlantic City's assessed real estate...
...Even as Trump and his fellow moguls were sorting out the final details of their deals, legislators in Washington were fuming about the latest spate of mergers. Some believe the Justice Department has acted irresponsibly in failing to challenge so many takeovers. While the volume of mergers has more than doubled since 1980, the number of federal court challenges to proposed transactions has declined by more than a third. Complained Democratic Senator Howard Metzenbaum of Ohio during hearings held last week by a Senate subcommittee: "Merger mania is rampant in this country today because the Reagan Administration has turned...
Description: Five illustrated charts, actual or proposed mergers involving Dart Group, Supermarkets General, USAir, Piedmont, Harcourt, Harper & Row, Reebok, Avia, Donald Trump, Resorts International...
...Office of Independent Counsel in the Justice Department. The move gives Walsh standing within the Executive Branch and thus, said Meese, provides an "insurance policy" that will allow Walsh's investigation to continue even if the North court challenge is successful. But North's attorneys tried to trump this play by filing a new suit challenging Meese's authority to give Walsh the Justice Department post...
...Commercialism is bound to proliferate now, probably next time to the point of boat decals and spinnaker ads. If Baseball Emperor George Steinbrenner had been a little more forthcoming, Conner might have painted this boat with pinstripes and called it Yankee. With a better contribution, Real Estate Tycoon Donald Trump might have had Trump Card. "Funding, staffing, operating, planning, logistics, everything -- isn't that the game of life?" Conner says. Isn't it, campers? "Murray's got to be a six-figure guy," says Conner, who is not. "But I've got to think something good will happen...