Word: dealing
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Dates: during 1980-1989
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...Indeed, McCall's earnings more than doubled last year, to $4.9 million. In July Lewis dazzled the financial community by selling McCall to the John Crowther Group, a British textilemaker. The buyer paid $63 million and agreed to assume $32 million in debts owed by McCall. For TLC, the deal meant a phenomenal 80-to-1 return on its initial $1 million investment...
Though Lewis may want to be thought of as just another tycoon, he is also an inspirational symbol -- the first black businessmen to gain full access to the giant pools of capital on Wall Street. Says Earl Graves, publisher of Black Enterprise: "The Reg Lewis deal will be recorded in the pages of black business history as a landmark, a sign of change...
...White House accord, hastily put together in 15 days, was announced with great fanfare two weeks ago. Three days later the Central American leaders signed their deal, first presented by Costa Rican President Oscar Arias Sanchez in February. Speaker Wright abruptly shifted ground, saying the homegrown Central American accord must prevail and that the White House proposal would be "merely supportive." Though Reagan initially gave his blessing to the Guatemala plan as well, he did not anticipate the fire storm of reaction from his conservative supporters, who were already appalled that the President had countenanced discussions with the Sandinistas...
...order of Rock Star Michael Jackson, and in an ironic way he made it. While he won four gold medals, Lewis won few hearts, and the 29- ft. 2 1/2-in. long jump of Bob Beamon has stayed beyond him. "To me, winning and losing was never a big deal," he says now. "I enjoy competing; I enjoy training. I've had a lot of good memories in sport. If nothing more was to happen, I don't think I could complain...
...this week. At his arraignment for Powell's murder, Harvey pleaded innocent by reason of insanity. Since then, court-appointed psychologists have turned up no strong evidence of mental illness, and his lawyer says he will probably abandon the insanity defense. The attorney is reportedly trying to strike a deal with prosecutors that will spare Harvey the death penalty. "My son has always been a good boy," Harvey's mother Goldie Harvey McKinney told the Cincinnati Post. "He's still a good boy. He's just sick, terribly sick. And he needs a good doctor...