Battle Royal

Article Abstract:

Warner Communications Inc. has been trying to block a takeover attempt by Rupert Murdoch. Murdoch is an Australian who owns an international media empire. His interest in Warner's is centered in its movie business, which is one of the company's most profitable branches. Steve Ross, the chairman of Warner's, has enlisted the aid of Herbert J. Siegel whose Chris-Craft Industries has purchased a large share of Warner stock that Murdoch coveted. Both Murdoch and Siegel would like to control Warner's movie business. Most of Warner's remaining businesses, especially the Atari home computer and video games, are actually not worth an expensive takeover battle. Murdoch is currently pushing the FCC to block the Chris-Craft deal, though he has not been adding to his position.

Conglomerate corporations, Mergers, acquisitions and divestments, Murdoch, Rupert

---

Safe or Sorry?

Article Abstract:

When the Charter Security Life Insurance Company parent company filed for bankruptcy, the subsidiary units were deluged with redemption requests. The subsidiary units are not affected by the bankruptcy because they manage their own funds. Retirement annuity holders are still worried. While retirement annuities are ususally not risky, questionable accounting techniques have been used by charters in the past. These were used to boost earnings. If investors pull their money out of their retirement annuity, they will have to pay a penalty. Given the current state of affairs, some advisors believe this still might be a good idea.

Economic aspects, Investments, Appointments, resignations and dismissals, Interest rates, Annuities

---

Did Father Know Best?

Article Abstract:

The John D. and Catherine T. MacArthur Foundation is struggling to manage its funds. The Foundation is the second richest in America. The foundation is trying to divest itself of assets to comply with tax law. The board of directors disagreed with MacArthur's son over a recent real estate sale. The Foundation rushed the deal to obtain liquidity.

Taxation, Finance, Marketing, Pension funds, Capital

Similar abstracts:

• Abstracts: The battle of the exchanges. Boot. Telstra prices must fall in this loopy internet game
• Abstracts: Consumers on top. Global need or market greed? Globalisation cuts both ways
• Abstracts: The Battle over Contracting out. Hasbro Gets Its Guns. Unitary Tax: At Stake, $1.2 Billion
• Abstracts: Testing for 'Worms'. Security For Modems. Software That Makes Music
• Abstracts: Make Way for a Tax Bill. The Lady at CPSC. More Oil - Patch Action?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.