Word: amring
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
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...
What had American done to deserve this? After all, AMR is widely regarded as the best run of the big U.S. airline companies. Under the aggressive leadership of chairman Robert Crandall, corporate revenues have more than doubled in the past six years, to $8.8 billion. Most impressive, the airliner built its modern fleet of 683 aircraft with relatively little borrowing. Against $2.6 billion in assets at the end of last year, AMR held a modest $1.2 billion in long-term debt...
...programs to train their own mechanics. American Airlines, the largest U.S. carrier, has already started such a school. American currently runs 30- sec. TV commercials that stress maintenance and extol the airline's mechanics as "uncompromising professionals dedicated to perfection, flight after flight after flight." Meanwhile, the stock of AMR, American's parent company, jumped 13% in a single day last month on rumors that the firm might become the target of a takeover bid. But like Delta, which put 14% of its stock into an employee stock-ownership plan to thwart raiders in July, American insists that...
...always rely on is its own glittering past. The pyramids and temples that awed adventurers from Caesar to Napoleon are irresistible still, magnets for tourist dollars, marks and yen that Egypt must have to help surmount its present problems. "Egypt is a dusty city and a green tree," said Amr ibn al As, the Arab general who conquered the country for Islam's warriors in the 7th century. "The Nile traces a line through the midst of it; blessed are its early-morning voyages and its travels at eventide...
...Hafez Ann Pasha, Ambassador to Great Britain from 1936 to 1938 (and admiring author of The English in Their Homes), lately head of the Bank Misr, one of the largest financial houses in the Arab world. In as royal adviser on foreign affairs went Old Oxonian Abdel Fattah Amr Pasha (TIME, Dec. 24), who last month quit London with noticeable reluctance after serving there as Egypt's Ambassador for the past seven years...