Word: tycooning
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...Adding PCCW to this expanding portfolio may prove trickier. The news that Macquarie was negotiating with PCCW chairman Richard Li, son of Hong Kong tycoon Li Ka-shing, for his telecom business (which includes a mobile-phone operation and a promising Internet-TV venture) immediately drew a rival bid from private-equity firm Texas Pacific Group and its Asian affiliate, Newbridge Capital Group. Not only does Macquarie have a rival suitor, but the Chinese government may also fatally complicate the deal. That's because China Network Communications Group, one of China's state-owned telephone companies, has a 20% stake...
...several individuals familiar with the negotiations between Summers and Ellison said that the billionaire technology tycoon had apparently lost interest in the gift months before Summers’ February announcement that he would resign...
...DIED. Aaron Spelling, 83, gentle, trailblazing TV tycoon; in Los Angeles. Set on transcending his Dallas boyhood as the son of poor immigrant Jews, he produced his first hit, Burke's Law, in 1963, presaging a gift for what he called "mind candy." He made more than 3,000 shows in his five-decade career, including TV movies (The Boy in the Plastic Bubble), drama (Family) and addictive soaps (Charlie's Angels; Dynasty; Beverly Hills, 90210) that invigorated watercooler chatter but sometimes drew critical derision. "The knocks," he said, "bother you. But you have a choice of proving yourself...
...million Amount paid by cosmetics tycoon Ronald Lauder for Gustav Klimt's 1907 portrait Adele Bloch-Bauer I?the highest price ever paid for a painting $104 million Price paid in 2004 for Picasso's 1905 Boy With a Pipe, the previous record holder
DIED. E. Pierce Marshall, 67, best known for his as-yet-unresolved 11-year battle with his stepmother, ex-stripper Anna Nicole Smith, over the estate of his oil-tycoon father J. Howard Marshall, who died in 1995; after a severe infection; in Dallas. The elder Marshall married Smith in 1994, when...