Word: bankrupted
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Dates: during 1980-1989
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...keep a Texan down. Only last week John Connally, the bankrupt former Governor, auctioned off personal belongings ranging from saddles to paintings for $2.75 million. That is only a fraction of the $48.75 million that Connally's failed real estate empire still owes. But Connally may have a ! promising new job lined up. An old friend, Edward Bennett Williams, the high- powered Washington lawyer, is said to be thinking of inviting him to join his law firm...
...Branch, 43, had bounced through a feckless radio career, winding up in 1983 as an announcer and general manager for WBGB, a tiny station in Mount Dora, Fla. In 1985, shortly before WBGB went bankrupt, he left in a dispute over back pay. Branch could not find another full-time job on the air, and the couple somehow blamed the U.S. Government for failing to take up his cause. In November, Cheryl Branch told a fellow tour member, "I'm going to write a book. I'm going to expose all the things that are wrong in the American system...
...Sanofi and the other bidders rush for Robins? The answer lies in such mundane but popular household items as Robitussin and Dimetapp cold medicines, Chap Stick lip balm and Sergeant's flea-and-tick collars. Those are among the products that make Robins one of the most profitable bankrupt companies in history. In the first three quarters of 1987, Robins earned $60 million on sales of $621 million, compared with profits of $55 million on revenues of $579 million during the same period...
...liner, no longer just a luxury conveyance, has evolved into a floating amusement park, health spa and classroom. Roughly 1.5 million North Americans took cruises in 1982; by 1987 that figure had doubled. -- Financial markets gyrate as anxieties over the economy rise. -- Suitors press $3 billion bids on a bankrupt drug company. -- Outlawing a three- wheeler...
When Australian Raider Robert Holmes a Court spent more than $800 million to buy 9.6% of Texaco's stock for an average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss...