Word: trumps
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Abroad, Bush tends to turn Teddy Roosevelt's famous dictum on its head by speaking loudly and carrying a small stick. He did offer important new proposals on conventional-force reductions in Europe. Otherwise, he has allowed the Kremlin to trump him with a variety of strategic-arms offers, while he nonchalantly dusted off Dwight Eisenhower's "Open Skies" plan (to allow each superpower overflight inspections of the other's territory) and suggested a reduction in chemical weapons that Congress had long since ordered him to make. His offer of economic assistance to Poland and Hungary, as they attempt...
...buyer from acquiring more than 25% of an airline without the explicit approval of the Commerce Secretary. When Senator Lloyd Bentsen learned of the attempt to buy American, the Texas Democrat prevailed on the Commerce committee to make the bill retroactive so that it would apply to the Trump bid. "The Congress must send a strong message that highly leveraged buyouts are not tolerable," said Kentucky Democrat Wendell Ford, who sponsored the bill along with Arizona Republican John McCain. "I don't want to wake up when all U.S. carriers have been leveraged and bought out," added Ford, "to decide...
Despite the firepower lined up on AMR's side, Trump has several factors in his favor. For one, an estimated 80% of AMR is owned by institutional investors, who generally show less loyalty to management than do individual shareholders. For another, AMR has not paid dividends to its shareholders since 1980, contending that the money would be better spent to build the company. In addition, AMR's board of directors can be removed by a simple majority vote of shareholders. Because Trump gave the company only until Oct. 20 to respond to his offer, he "has got them...
...Wall Street the takeover speculators seem to think that the Trump- Crandall fight is too close to call. AMR closed at 103 3/4 on Friday, up 17 1/4 points for the week but 16 1/4 points below Trump's bid. Some speculators were not persuaded that Trump is serious about the bid. Despite his high profile, Trump as a businessman remains an enigma. Last week Playboy magazine disclosed that a clothed Trump may grace its cover early next year. Perhaps American Airlines is just another plaything for the man who has everything...
...House panel proposes emission limits that could transform the American car. -- Donald Trump bids $7.5 billion for AMR, the parent of American Airlines. -- Boeing is hit by a strike...