broke records earlier this month when his company
announced it was buying
for $37 billion, the biggest media merger yet.
Now the CEO faces the most expensive split-up of all time: His wife of 52 years,
, filed for divorce last week in Massachusetts. She is seeking $3 billion, which would be the biggest divorce settlement ever.
Chances are now only 50-50 that
Canadian Auto Workers
will strike if the union doesn't reach a new contract with
by midnight Tuesday. The auto giant presented a new contract offer Sunday, two days after the union labeled Ford's first proposal a "recipe for a strike."
is in merger talks with rival
, the U.K.'s
reports. The combined company would be worth an estimated $81 billion.
could help raise the $370 million it needs to pay for an Egyptian cement maker with a private debt placement, the
brokerage in Mexico City says.
Starting Monday, Brazil's
stock exchange is launching an evening trading session. The country wants to lure back many investors who fled this year because of taxes and fiscal reforms.
And just when you thought the East Coast was done with its hurricane troubles for the month, the next menace on the horizon and the meteorological name game --
Hurricane Gert -- was making its way toward Bermuda Sunday.
In the Papers
is concentrating on the second half of its name.
reports the Internet and international operations now account for more than 70% of the company's growth. The company expects more than half of its total revenue to come from the Internet by 2004, up from one third this year.
Sweet news for the candy industry from London:
may put up for sale its
confectionery business, the
reports. The company is considering jettisoning Suchard for as much as $10 billion to focus on other businesses.
stock has been stagnant lately, but
reports that the Minneapolis-based maker of industrial cleaners could be poised for a rebound. The company is finishing its costly conversion to a new operating system.
TriNet Corporate Realty Trust
have the REIT stuff? Shareholders tell
they are in a quandary over whether to hang onto the real estate investment trust to see how it will fare if its proposed sale to
Starwood Financial Trust
If its name is any indication, you'd think the
Eaton Vance Information Age Fund
would invest some of its money in Internet companies, but
, who manage the Boston-based mutual fund, tell
they don't like the speculative nature of such stocks. Their favorite picks during the past year include Japan's
Nippon Telegraph & Telephone
may offer 1.5 billion pounds, or $2.43 billion, for Iowa-based
MidAmerican Energy Holdings Company
reports. British Energy has been eyeing various expansion opportunities for months.
wants one fifth of Europe's first video-on-demand service. The
reports Arnault will invest 20 million pounds in
, which will allow Europeans to order films, videos and other programming to their television sets.