Word: cashes
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Dates: during 1980-1989
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Legal gambling begets more of the same in states that fear they will lose money if they do not devise new ways of wagering. Illinois, for example, operates a giant lottery that is believed to siphon much money out of neighboring states. But, fearful that some cash might eventually flow back to Iowa, Illinois House Democrats have recommended starting roulette, blackjack and dice games on twelve paddleboats cruising six rivers that flow through or past the state...
...sweetened takeover bid, in which the company raised its offer for Time from $175 to $200 a share, or a total of more than $12 billion. The Time directors reiterated their plan to go ahead with an acquisition of Warner Communications for as much as $14 billion in cash and securities. Investors who expected the new Paramount bid to run up the price of Time stock were also disappointed. The company's shares, following the trend in the rest of the market, declined to 155 1/4 at week's end (from a high of 182 3/4 less than three weeks...
Still, for careful investors, here is a way to earn high interest on large chunks of cash, with some additional effort but little additional risk. Other points to note...
...huge Soviet factory ship plying the waters of the Bering Sea. Its mission is both prosaic and delicate. It must gather and process 50,000 tons of seafood to contribute to the nourishing of the Soviet people. But its suppliers, who do the actual fishing in exchange for cash, are American trawlers...
...weeks ago and instead pressed ahead with its planned merger with Warner Communications. To that end, Time and Warner on June 16 converted their original debt-free stock swap into a leveraged takeover bid in which Time would buy Warner for a total of up to $14 billion in cash and securities, a step that, among other things, eliminated the need for the deal to be approved by Time stockholders...