Word: checkbooks
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...greater news-gathering assets than CNN and deeper pockets to offset losses. The stock market agreed: after SNC was an nounced, the over-the-counter price of a share of Turner Broadcasting System fell from $16 to $11.50 in two days. But last week David conquered Goliath with his checkbook. Turner bought out SNC for $25 million in order to shut it down on Oct. 27. Said his spokes man Arthur Sando: "The resources that were used to fight the competition can now strengthen...
Against such odds, though, Johnson & Johnson and its McNeil Consumer Products subsidiary, the manufacturer of Tylenol, seemed to do everything right. Instead of becoming defensive about the deaths, the company opened its doors and its checkbook. Chairman Burke appeared on Donahue and 60 Minutes. The company fully dedicated itself to the investigation, says Tyrone Fahner, who headed the probe during his term as Illinois attorney general. Said he: "Anything we wanted from them, we got. The president of the company called and asked if I thought a reward might help. Before I could raise the possibility...
...million payment for the warrants was only one of several to come out of Chrysler's smoking checkbook these days. During the past two weeks, the company promised to pay $117 million in back dividends on preferred stock, scheduled a $250 million payment to its pension fund and reached a $1 billion wage deal with the United Auto Workers. That settlement returns to Chrysler workers the bulk of the paybacks the union employees had given to keep the company afloat...
...toward the Cup this week near Newport, R.I., multimillion-dollar investments will be on the line. With a length of about 65 ft., a sail area of 1,800 sq. ft. and a crew of ten, a yacht of this class needs a captain who is courageous with a checkbook. The Liberty and Australia II each cost an estimated $500,000 to build, excluding sails...
...first signs are small, puzzling and all too easy to dismiss. For Chicago Journalist Charles Leroux, it was his mother's diminishing ability to manage her checkbook and count change. For Frank Holmes, a retired Boston businessman, it was the wild spending sprees by his once prudent wife and her increasing tendency to garble phone messages. For Eleanor Zimmerlein, an Illinois farmer's wife, it was the decline in the quality of her husband's handiwork: "Suddenly the row of shingles he'd put on the roof would be crooked, and he couldn...