Word: investments
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Dates: during 1980-1989
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...takeover may help inflame growing U.S. anxiety about foreign investment in American companies. Last week the U.S. Department of Transportation persuaded Alfred Checchi, who led a $3.6 billion buyout of Northwest Airlines, to reduce the participation by KLM Royal Dutch Airlines in the deal from $400 million to $175 million. DOT officials said they would also scrutinize plans by British Airways to invest $750 million in the $6.8 billion employee purchase of United Airlines. Transportation officials said one concern is that foreign investors might share inside knowledge about U.S. airlines with their own governments, thus undercutting U.S. negotiations with other...
...flower shop, a hair salon and a clothing boutique whose manager gets his goods from "a guy in Shanghai who has good guanxi." In Shanghai itself the city's world-famous acrobats attract bigger audiences by sponsoring fashion shows between tumbles. A university in Guangdong has branched out to invest in a three-story bar in Shanghai whose top floor, called Lovers' World, features 15 banquettes where couples can smooch in privacy. Even the People's Liberation Army has got into the act. Knowing that . swank hotels are truly the country's most exotic tourist attractions, the P.L.A...
Instead the casinos have sometimes behaved cavalierly -- even arrogantly -- toward their hosts. Under an early, vague requirement that casinos invest in Atlantic City, Caesars Atlantic City Hotel Casino tried to get credit for the $625,000 statue of Caesar Augustus that guards its entrance. Trump promised to build affordable homes in Atlantic City when he bought Resorts International Casino Hotel in 1987. Then last year he sold the casino to entertainer Merv Griffin, leaving Griffin with $925 million in debt. "I gave that obligation to Merv," says Trump now. "He got the debt, and he got the low-income housing...
Tomorrow, however, they'll be watching from the bench. Maybe the Lions should invest in a giant Snake Motel...
Some celebrities invest a great deal of money to protect themselves from their fans. Gavin de Becker, who operates a 100-client security service in Los Angeles, charges those who request full-time protection an average of $225,000 a year. De Becker provides the staffs and publicists of celebrities with 20 pointers to help them screen letters or calls. A direct threat is not necessarily a good indicator of true danger, he says. " 'I'm going to kill you' is as common as a fan letter to many of these people." But, he adds, "it becomes different if someone...