Word: chicago
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Dates: during 1980-1989
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Many companies cherish their place in the urban skyline, but quite a few others want to escape the high rents and downtown hassles. Sears said last week it will move the company's merchandising division, which has 6,000 employees, from the landmark Sears Tower in Chicago's Loop to a planned office complex in suburban Hoffman Estates (pop. 44,761). Dozens of cities and states had been trying to lure Sears, but Illinois and Hoffman Estates prevailed with a package of incentives worth $241 million...
When Hoynes brought up former baseball offenders Leo Durocher and Denny McLain, who received swifter punishments for gambling violations "arguably less prolonged and offensive," he was ringing an alarm that has chilled baseball since 1920. The Chicago "Black Sox" threw the 1919 World Series and almost threw away the public's confidence in the integrity of the game. The club owners, acting in concert, created the commissioner's office for the explicit purpose of clearing out the gamblers. Without any process at all, Judge Kenesaw Mountain Landis expelled everyone involved in the Black Sox scandal. His '40s successor, Happy Chandler...
...this time. Neither the flag nor the returns. "That flag decision," allowed political analyst Horace Busby, "shows that old Mr. Dooley ((Finley Peter Dunne's fictional Chicago bartender)) sometimes didn't know what he was talking about. This Supreme Court must not even read the newspapers." Busby plans to monitor the July 4th festivities across the nation. If the flag burners come out in force, there could be quite a political ruckus and possibly a constitutional amendment in less time than it takes to sing The Star-Spangled Banner...
...Jerry Hannifin, Steven Holmes, Richard Hornik, Jay Peterzell, Michael Riley, Elaine Shannon, Dick Thompson, Nancy Traver New York: Joelle Attinger, Janice C. Simpson, Richard Behar, Eugene Linden, Thomas McCarroll, Naushad S. Mehta, Marguerite Michaels, Priscilla Painton, Raji Samghabadi, Martha Smilgis Boston: Robert Ajemian, Sam Allis, Melissa Ludtke Chicago: Gavin Scott, Barbara Dolan, Elizabeth Taylor Detroit: S.C. Gwynne Atlanta: Joseph J. Kane, Don Winbush Houston: Richard Woodbury Miami: James Carney Los Angeles: Jordan Bonfante, Jonathan Beaty, Scott Brown, Elaine Dutka, Cristina Garcia, Jeanne McDowell, Sylvester Monroe, James Willwerth San Francisco: Paul A. Witteman
...billion. The company (estimated total revenues: $10 billion) would have an estimated cash flow of $2 billion, which would be tapped for loan payments. "These are great organizations with very good cash flows, so the debt doesn't have to be a negative," observes William Farley, chairman of Chicago- based Farley Industries, which took over West Point-Pepperell in a hostile bid this year. But, he adds, "it takes a certain kind of management to deal with that kind of debt. You're that much closer to the edge. You can't afford to make all that many mistakes...