Word: warners
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...bonds during the late 1980s, the company chose its deals with care. (Morgan did come up short in one notable fight, however, when it assisted Paramount Communications in its failed $12.2 billion hostile bid for Time Inc. last year on the eve of the company's planned merger with Warner Communications.) Under Chairman S. Parker Gilbert, 56, the stepson of co-founder Harold Stanley, and President Richard Fisher, 53, Morgan hedged its bets by diversifying into many different fields rather than putting all its money into one or two fashionable trends. At the same time, top investment banker Robert Greenhill...
Quite a few of these jeremiads are headed for the screen. Producer Ray Stark (Steel Magnolias, Annie) last week acquired film rights to Barbarians at the Gate, a best-selling account of the $25 billion takeover of RJR Nabisco, the largest buyout ever. Warner Bros. has paid a sum estimated to be in the high six figures for the privilege of filming Liar's Poker, an I-lived-with- savages expose of the Wall Street firm Salomon Brothers. And the cameras are ready to roll on the movie version of Tom Wolfe's blockbuster novel, The Bonfire of the Vanities...
...scholarship at Manhattan College. Covenant House officials say they paid Kite's board at the college, gave him pocket money and bought him a computer. They also say a Covenant House contact in upstate New York provided Kite with papers that allowed him to take the identity of Tim Warner, a young boy who died of leukemia...
Which is precisely, of course, why a big studio like Warner bought the film. "They're in the trend business; they have to be tuned in," says Moore. "Millions of working Americans are fed up with ten years of Reagan and Bush. People want to see a movie that speaks to that concern and need." In addition, the movie industry may have bought itself an eccentric superstar. Wouldn't it be funny if it took GM's most nettlesome antagonist since Ralph Nader to lead Hollywood to the heartbeat of America...
Stocks have been slammed too. Harcourt Brace Jovanovich, a publishing company that borrowed $2.1 billion last May to repel a takeover attempt by British tycoon Robert Maxwell, has suffered a slump in its stock price from 5 to 2 just since Jan. 1. Time Warner, which has nearly $11 billion in debt from Time Inc.'s acquisition of Warner Communications, has seen its stock fall from 124 at the beginning of the year to 103 1/8 last week. The shares of Stone Container, a paper manufacturer that borrowed $2.2 billion to buy a Canadian competitor last March, have declined from...