Word: corps
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...Defense Minister Michael Heseltine stormed out of 10 Downing Street last week and resigned. Heseltine was angry over Prime Minister Margaret Thatcher's refusal to ensure that the country's only helicopter manufacturer, troubled Westland (1985 losses: $137 million), would remain entirely in European hands. Connecticut-based United Technologies Corp., which owns the helicopter maker Sikorsky, has together with Italy's Fiat offered $105 million for a 29.9% share in Westland...
...working at the Impala mines in Bophuthatswana, which produce about 25% of the world's platinum, seemed a natural constituency for the National Union of Mineworkers. But last week 23,000 of those miners found themselves more in need of a job than a union. The General Mining Union Corp. had fired them in the largest mass dismissal in South Africa's history...
...largest single group of cold-causing viruses and the kind blamed for most of the colds brought home by schoolchildren in autumn. "They are responsible for more than half of colds in the fall and spring," says Dr. Jeffrey Stritar, director of antiviral clinical research at Schering-Plough Corp. in New Jersey. Schering, which funded both studies, is one of several companies using genetic-engineering techniques to manufacture alpha-interferon...
...issue was the rescue of Westland, Britain's only helicopter manufacturer, which lost almost $140 million last year. The company's board of directors favored a bailout bid by Sikorsky, a division of United Technologies Corp. of Hartford, Conn., in conjunction with Italy's Fiat. Heseltine, fearing an erosion of Britain's industrial competitiveness, had promoted a rival rescue plan through an all-European consortium that included British Aerospace (1985 sales: $3.6 billion). The Thatcher government professed to be neutral, but Heseltine and others charged the Prime Minister with favoring...
...They first gathered at the Marriott Hotel to swap horror stories and pep talks. Under present legal rules, "you're afraid to try anything, put any new product on the market," cried Gust Headbloom, president of Michigan's Apex Broach & Machinery Co. Peter J. Nord, president of Schauer Manufacturing Corp. in Cincinnati, which makes battery-charging machines, drew loud applause by declaring, "There are going to be people who are dumb and stupid and screw up no matter what we do." Ohio Democratic Congressman Thomas Luken showed up to cheer on the manufacturers. Said he: "Probably no recent issue...