Word: parentes
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Turmoil continued in the airline sector. DonaldTrump announced he was withdrawing his $7 billionbid for AMR Corp., parent of American Airlines,after the company's stock slid more than $13 ashare. However, he said he would consider a newoffer at a lower price...
Nearly everyone saw an attacker on the horizon. The question was who it would be. For weeks the rumors swirled that someone might launch a takeover raid on American Airlines, the largest and most respected U.S. carrier. In August the board of American's parent company, AMR, bolstered its so-called poison-pill defenses by allowing management greater flexibility to issue new stock in order to make a takeover more expensive. The Fort Worth company also signed up the high-powered Wall Street firms Goldman Sachs and Salomon Brothers to develop a full-defense strategy. AMR even asked...
...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...
...according to TIME interviews with dozens of executives and consultants involved in such takeovers. Many, if not most, foreign buyers are so far failing to meet the glowing expectations they set for their U.S. acquisitions. In many cases, struggling U.S. subsidiaries are being kept alive by financial transfusions from parent companies overseas...
Despite a trying childhood and the dual demands of art and political activism, Redgrave has been, by all accounts, a stable and nurturing parent. Says Joely: "Mother may have been a free spirit before we came along, but we were terribly normal and conventional as a family. Domestically, she's nothing like the force she is in acting and politics. She is not a creature of comforts. She will always take the smallest room in the house...