Word: chaine
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...five- year, $65 million cash infusion to enable the overleveraged tycoon to meet a $43 million interest payment on junk bonds issued to finance Trump's Castle Hotel and Casino in Atlantic City. Failure to make the payment could have pushed the developer's holdings into a chain reaction of defaults. "This is a deal that will go down in the textbooks as the way banks and entrepreneurs should deal with each other," Trump declared. Not everybody agreed. Said a banker: "I think it's a tremendous black eye on the American banking system when a guy who acts...
...shopping spree had actually started months earlier. East Germans moved beyond the oranges and bananas, so popular when the Wall first came down, to consumer electronics and cars. Everywhere, new brand names began to beckon: Panasonic, Miele, Zanussi. Magdeburg became Marlboro country. The West German chain Spar opened a supermarket 40 km east of the border and stocked it with Western goods. East Berlin got its Benetton...
...people "have got their own TV and their own video systems." Friedman is trying to make the NBC newscast "more relevant" to young viewers by stressing family issues and adding touches of irreverent humor. Louis Heldman, who is studying how to counteract declining readership for the Knight-Ridder newspaper chain, observes that people today, especially young working women, have less spare time for news. "Information needs to be delivered more efficiently," he says, "to people who are trying to get the kids dressed for school and who may spend most of their time with the paper on the seat beside...
Does the cocktail hour need any more womanizing bartenders like Sam Malone or grouchy waitresses like Carla Tortelli? Well, here's mud in your eye. The TV series Cheers, based on a cozy Boston bar, has inspired a chain of taverns that will be installed in airports and Marriott Hotels across the U.S. The hotel company's catering division and Paramount Pictures Television have struck a deal to open 46 bars modeled after the show's. The Cheers bars will be outfitted to remind patrons of the TV tavern, with dark paneling and Tiffany lamps. Customers will be able...
...capital, Andrew Sarlos, 58, a Hungarian who is the head of a major Toronto-based investment group, has raised $80 million for the new First Hungary Fund. In addition, Sarlos and a group of other Hungarian expatriates bought a 50% stake in Scala Co-op, Hungary's largest grocery chain, and a 50% share in Budapest General Banking and Trust. Zbigniew (Dick) Niemczycki, 43, a Warsaw-educated engineer who moved to the U.S. in 1977, has returned to Poland as an executive with SerVaas, an Indianapolis investment firm. The company's joint ventures in Poland include a fishing fleet...