Word: dismalness
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Dates: during 1980-1989
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Texaco made that dismal choice only after frantic, repeated efforts to reach a settlement with Pennzoil produced no results. Within hours following the Supreme Court's ruling, Texaco Chairman Alfred DeCrane, 55, and Chief Executive James Kinnear, 59, flew with a battery of lawyers from White Plains to Pennzoil's home city of Houston. But Pennzoil's combative chairman, J. Hugh Liedtke, 65, who has stayed on past retirement age to fight the case, steadfastly refused at least ten settlement offers from Texaco. At the start of the talks, Texaco apparently had a figure of $500 million in mind...
...Mellon Bank, Latin debt is contributing to a dismal financial situation. Last week the Pittsburgh-based institution announced it would post a first-quarter deficit of between $55 million and $65 million, the first in its 118-year history. Mellon will also cut its quarterly stock dividend in half, to 35 cents a share. Besides the $10 million worth of losses on Brazilian credit, the bank is reeling from bad industrial, energy and real estate loans...
Meanwhile, when it comes to actually helping drug addicts, the Reagan record is, not surprisingly, dismal. Detoxification centers--lacking adequate funding--must turn away addicts daily. In fact, things have only gotten worse for those trying to get off drugs. Centers which once treated heroin addicts free of charge now must charge their patients substantial fees as a result of Reagan's budget cuts...
...Spartans brought home the gold, while the Crimson took a dismal bus ride back to Cambridge...
...niche for itself as a groundbreaking producer of small classics like the Nash Rambler, in competition with what Romney called the "gas-guzzling dinosaurs" of Detroit's Big Three. After Romney's departure, the firm tried to compete head to head with the Big Three, with increasingly dismal results. The company's last big coup came in 1970, when it bought Kaiser-Jeep, the manufacturer of the descendants of those rugged vehicles that become famous for carting around the American military during World...