Word: chaine
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Gimbels, a New York-based department-store chain founded in 1842 in Indiana, was put up for sale last week. It was a victim of the industry's vanishing middle. Gimbels' parent company, the British conglomerate B.A.T. Industries, is unloading Gimbels' flagship store in Manhattan, which once was a lively rival for nearby Macy's ("Does Gimbels tell Macy's?"), plus 35 other outlets in New York City, Philadelphia, Pittsburgh and Milwaukee...
...representative of the convenience-store chain complained that it was unfair to identify the store because that would tend also to identify the victim ("There is an element of validity to that," Perry concedes), but was more upset that the story had mentioned the chain's name. The only way the story could have been written to satisfy this complainant, Perry says, was "A woman was raped late last night someplace here." People involved in the news do not really want fairness, he insists, they want "favor, exemption, protection from public notice...They want only the 'good' news published--that...
...first major move three weeks ago, when he persuaded Ozark Air Lines to merge with TWA for $250 million. Among other benefits, the acquisition will sharply increase the number of domestic flights that feed passengers to TWA's overseas routes. Icahn is also thinking about buying a hotel chain and an auto-rental company to combine with TWA. That would enable customers to reserve a plane seat, car and bed with one phone call. Says Icahn: "I've still got a nose for deals, and I intend to make some." --By Barbara Rudolph. Reported by Thomas McCarroll/New York
...Central America. The U.S. must keep all its enemies guessing in this respect, from the Soviet Union to two-bit muggers in the back alleys of the Third World. But the political wisdom of "threatening" Congress with the prospect of American military intervention was dubious. It invited a chain of tough questions that only put the Administration more on the defensive at a time when it needs to close partisan ranks: What if the Congress goes along with the White House, but the contras still fail? What if the Sandinistas will yield to their enemies neither at the bargaining table...
...typical hand-to-hand spread of, say, 4 ft. per person (averaging in the lofty Kareem Abdul-Jabbar and the dollhouse-size Mary Lou Retton, who both plan to take part), that gives you 1,320 folks per mile--or 5,480,640 people to form a squiggly chain of 4,152 miles from sea to shining sea. But the planners of Hands Across America, a spin-off of USA for Africa (We Are the World) that is trying to raise some $60 million for America's hungry and homeless, are hoping for a turnout of at least 6 million...