Word: dealing
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Dates: during 1990-1999
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McColl's buyouts, like his climbs, have been strewn with rocks. After spending $9.6 billion for Boatmen's Bancshares in St. Louis, Mo., in January 1997, he waited barely a year to announce a $15.5 billion deal to buy Barnett. Then he backed away from a pledge to cut $450 million out of Barnett's costs this year because of difficulty digesting the earlier acquisition. Nonetheless, NationsBank is shedding 200 branches in Florida (including 124 that state regulators have ordered it to divest) and reducing the merged workforce from 30,000 to 22,000. Gleeful local rivals have launched...
When he applied for a $150,000 remodeling loan, Woschitz was upset because he was charged higher fees and had to deal with two separate loan officers. Then, to qualify for allowing his patients to pay their bills with credit cards, Woschitz faced a third loan officer, who demanded full documentation of the medical center's finances, even though much of the information was already on file with the bank...
...that I harbor any ill feelings toward Wall Street's deal machine. To the contrary, I believe in the benefits of cost cutting, carving up and combining companies, and generally placing efficiency and profitability above all else. That's raw capitalism, which keeps U.S. companies fit to win against global competitors and ensures jobs and an improving standard of living for most people. It has its losers, though, and can seem unnecessary when the economy is humming as it is today. But at least now this meal, distasteful to many, is being served in the cook's kitchen...
...percent of the audience is under 11 years old. It is the only regular series on TV to carry a Mature or MA rating, the harshest, and it can be blocked by the V chip. The best-selling T shirt last year was based on South Park; a movie deal is all but set; a sound-track album is being produced--can a theme-park ride be far behind...
Campbell, who is in the fourth year of a six-year contract to star in Party of Five, says she will be through with TV after her deal is up. In order to work simultaneously in TV and film, she has sometimes had to put in seven-day weeks. "I need to have a life," she says. "I don't have one right now." The long hours seem to have taken a toll on her personal life. She says she's in the process of getting a divorce from her husband Jeff Colt, who is also an actor, though...