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...proposed acquisition will not shake up the rankings in the $230 billion- a-year U.S. auto industry. For increasingly robust Chrysler (1986 profits of $1.4 billion on sales of $22.6 billion), the deal would merely add AMC's piddling .7% car market share to the bigger firm's 10.3%. That would still leave the merged company far behind No. 2 Ford (18%) and GM (39.6%). But the purchase will help Chrysler solve a pressing problem: its factories do not have the capacity to produce enough cars to meet demand. Chrysler had started easing that production crunch by contracting...
...Airbus 320, which will go into service next year, poses a major challenge to U.S. aerospace firms. The plane will compete in the $4.5 billion- a-year market for short-to-medium-range (up to 3,500 miles) jetliners. The Airbus 320 has already racked up 419 orders from 16 airlines -- the biggest advance sale in aviation history...
Last week Myerson's political star dimmed considerably as she found herself embroiled in the scandals that have rocked New York over the past year. In a statement, Myerson, 62, announced that she is taking a 90-day unpaid leave from her $83,000-a-year job during a special city probe of her activities. Myerson also disclosed that she is the subject of a federal grand jury investigation into the activities of her companion, City Contractor Carl Capasso. Capasso, 41, was indicted the next day on charges that he evaded paying $774,600 in corporate and personal taxes...
...attractive than ever to the nation's best and brightest. Some 40 federal judges have left the bench since 1980 for want of better pay. In Washington, public officials are surrounded by serious money. Senators are regularly interviewed by network correspondents who make ten times their salaries; $77,400-a-year Congressmen are under steady siege by Washington lawyers and lobbyists making $200,000 or more...
...also explains her unbending ruthlessness in applying an eye for an eye. "In some ways," says a close confidant, "she's an unforgiving person. She never forgets." When a former supporter, Homobono Adaza, went over to Enrile's camp, she not only stripped him of his $50,000-a-year position on the board of the San Miguel Corporation, a large state-controlled conglomerate, but replaced him with his archenemy Aquilino Pimentel. The flip side of her fidelity is inflexibility. "I have a long memory for people who have helped me," the President recently warned a group of subordinates...