Word: cashes
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Dates: during 1980-1989
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...ugliest buyouts in recent history, Lorenzo purchased the successful Continental Airlines. Within two years, he had dragged the company into bankruptcy. While the case was still in bankruptcy court, Lorenzo used Continental's $50 million in cash reserves to purchase stock' in other companies...
Harvard will host the the winner of this weekend's Lake Superior State-St. Cloud State first round series in a best-of-three series from March 24-26 at 7:30 p.m. Cash refunds will be available for tickets purchased for Game 3, if that game is not necessary...
Tickets cost $8 each, with no coupons necessary and no discount for students; they are limited to two per person. Tickets purchased for the third game can be turned in for a cash refund if that game is not necessary...
...Cash-strapped Pan Am, by contrast, cannot afford to purchase new jets. ! Instead, the airline is overhauling its 35 747s. But keeping older planes in good running order is also costly. Pan Am spends an average $815 in maintenance costs for every hour that a plane is carrying passengers, vs. $377 for Delta, which has a newer fleet and advanced maintenance equipment. Some experts and airline employees have contended that cash-strapped airlines will be tempted to skimp on maintenance. But when the FAA conducted an intensive probe of one such carrier, Eastern, no serious faults were found...
...1970s, when the country was awash with petroleum revenues, the government that Perez headed spent lavishly on social-welfare projects and industrial schemes. But as oil prices took a dive in the 1980s, so did the economy, which earned 90% of export revenues from petroleum. Hard-pressed for cash, Venezuela last Dec. 31 suspended payments for 90 days on the bulk of its foreign obligations...