Word: bondses
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House leaders wanted to charge the $50 billion first-year cost of the program to the federal budget. President Bush had threatened to veto the legislation unless Congress agreed to keep most of the outlay off budget, a plan that Nebraska Senator James Exon called a "continuing grand scheme to...
The demise of Fruehauf dramatizes the problems that could befall a growing number of leveraged buyouts as the U.S. economy softens. Touted as one of the hottest financial plays of the go-go 1980s, LBOs zoomed in annual volume from about $250 million in 1980 to nearly $45 billion last...
REVCO D.S. Back in 1986 it was the largest U.S. drugstore chain. Revco plunged into an LBO that year after Herbert Haft, chairman of the Dart Group of retailing companies, made a bid for the Twinsburg, Ohio-based firm. With advice from Salomon Brothers, Revco chairman Sidney Dworkin led a...
The tremendous buildup of business debt during the long expansion leaves the economy even more exposed to the effects of a recession. Since late 1982, corporate debt has more than doubled, from $1.1 trillion to $2.2 trillion. Investors in junk bonds, the high-yield securities that account for $225 billion...
Dalton plays the role in an even more earthy style than Connery, if possible. He is by far the most physical of the Bonds, and consequently, the movie never stops moving.