Word: american
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Dates: during 1980-1989
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Some industry watchers think American could turn to hometown partners for help. Rumor had it that certain members of the billionaire Bass family of Fort Worth might take a large friendly stake in the company, as they did to protect the Walt Disney Co. from a raid several years ago. Or Crandall might borrow money to create an Employee Stock Ownership Plan to achieve the same goal...
...American may also find an ally in Washington. Shaken by the upheavals at Northwest and United, which involved extensive foreign financing, the Senate Committee on Commerce, Science and Transportation approved a bill last week that would prevent any buyer from acquiring more than 25% of an airline without the explicit approval of the Commerce Secretary. When Senator Lloyd Bentsen learned of the attempt to buy American, the Texas Democrat prevailed on the Commerce committee to make the bill retroactive so that it would apply to the Trump bid. "The Congress must send a strong message that highly leveraged buyouts...
...week but 16 1/4 points below Trump's bid. Some speculators were not persuaded that Trump is serious about the bid. Despite his high profile, Trump as a businessman remains an enigma. Last week Playboy magazine disclosed that a clothed Trump may grace its cover early next year. Perhaps American Airlines is just another plaything for the man who has everything...
...George Bush had ordered American forces to prevent Panamanian soldiers from reaching the headquarters where Manuel Noriega was bottled up, the U.S. surely had the military muscle to do the job. The 12,000 U.S. combat troops under the Southern Command far outstrip the 6,000-man Panama Defense Forces in both training and hardware. But civilian and military casualties would have been high, if only because the vital military installations are situated in downtown Panama City. As a Marine officer pointed out, "Even an M-1 rifle can kill a lot of people in a crowd...
Washington says the rebels requested only that U.S. forces prevent two units of about 200 men with light infantry weapons from reaching Noriega at his headquarters. The Americans at Fort Amador obstructed the movement of the P.D.F. 5th Infantry Company, which shares the Amador base. American units from Howard Air Force base were positioned to block the nearby Bridge of the Americas over the canal to prevent the arrival of the P.D.F. 7th Infantry Company from its base some 60 miles southwest of the capital. In neither case were U.S. forces challenged...