Word: calif
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Dates: during 1980-1989
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...notorious Wall Street speculator, pleaded guilty to a single count of securities fraud and agreed to pay $100 million to settle SEC charges that he had used insider information to buy and sell stock. Boesky, who is serving a three-year term in a minimum-security prison in Lompoc, Calif., agreed to identify others who had joined his schemes. The trail led to Drexel and its wunderkind, who allegedly used a complex network of contacts to manipulate securities prices...
LEAST-NEEDED NEW PRODUCT Take mineral water from Mendocino, Calif., turn it over to chef John Ash, and be prepared for Truffle Water, a sourish-smelling carbonated drink that suggests spoiled milk, sulfur and stale beer. The question is not how he thought...
...time General Motors closed its plant in Fremont, Calif., in 1982, the factory had one of the worst labor-relations records in the country. "We were fighting with GM all the time," says United Auto Workers committeeman Ed Valdez. "The product was going down the line with no one paying any attention to it. 'Ship it! Ship it!' they said." Today, working for New United Motor Manufacturing, Inc., a joint venture formed by GM and Toyota in 1983, the same workers are producing almost defect-free Chevrolets and Toyotas with a higher efficiency rating than any GM plant...
McDONNELL DOUGLAS. As a result of the buying binge, Douglas has added a million square feet of factory space to its 7 million-sq.-ft. commercial- jetliner division in Long Beach, Calif. The only Douglas product available at the moment is a medium-range workhorse called the MD-80 ($27 million; 150 passengers), an updated version of its venerable twin-engine DC-9. Douglas has delivered 553 of the newer model to some 41 airlines, and has orders for 275 more. The company is helping build a similar jet, the MD-82, in Shanghai. China's state airline, CAAC, plans...
...education has allowed some companies to tap the current wave of immigration -- the largest since World War I -- for skilled workers. Blue- collar employees at the Orange County, Calif., division of Unisys, for example, speak everything from Korean to Japanese to Spanish. Their productivity improved significantly, Unisys managers say, when the company began offering ten-week courses in reading, writing and speaking English. Classes, which number 15 students at most, meet in the company cafeteria, whose wraparound picture windows look out on the Santa Ana Mountains. "Before I took the class I couldn't stand up and talk...