Word: biddinger
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The growing jobless rate comes at a crucial time for the nation, since the Reagan Administration's economic program of budget and tax cuts is only now beginning to take effect. As the President pointed out in his State of the Union message, a 1% jump in the unemployment...
In an angry statement, McDonnell Douglas called Defense's decision to shelve the new plane "a mockery of the competitive procurement process," and hinted at a legal challenge. The company further claimed that selection of Lockheed's existing plane, after Lockheed lost the competitive bidding for the project...
Stung by the public attack by McDonnell Douglas, Defense Department officials insisted last week that their choice of the Lockheed C-5N, which still must be approved by President Reagan, did not violate the competitive bidding process. Secretary of the Air Force Verne Orr advised McDonnell Douglas last August that...
Financial experts speculated that Mobil was really trying to force the steel company to drop out of the bidding for Marathon or, alternatively, to get control of enough U.S. Steel stock so that the steel company would have to give up part of Marathon. Such aggressive tactics have worked before...
Some Wall Streeters speculate that in addition to seeking new American supplies of crude, Mobil is trying to find the limits of the Reagan Administration's antitrust policy. Says Philip Dodge, an oil analyst for Donaldson, Lufkin & Jenrette: "Mobil is really testing how far it can go in bidding...