Word: firm
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Dates: during 1990-1999
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...verdict reversed for $2 million. In January 1996 Loewen settled for $175 million. Lyons and Edwards then called to scold Loewen for settling when their influence could have saved the company more money. Even so, Lyons and Edwards demanded the $2 million, claiming they had spent it helping the firm. The company wired $500,000 to a Milwaukee account but asked for receipts before sending the rest. Edwards allegedly called relentlessly. Several weeks passed, and then another call came. Lyons and Edwards said they were at the White House, just out of a heated meeting with the Congressional Black Caucus...
...Peninsula, Collins began spinning out his first crude forecasts, downloading satellite weather maps in the middle of the desert with the help of an antenna strung from a cactus, a short-wave radio and a portable fax machine. In 1985 he helped set up Surfline, a Huntington Beach, Calif., firm that distributes daily wave forecasts at a charge of $1.50 to those who call its 900-976-SURF hot line. So accurate are Collins' forecasts that two years ago, bodyboarding champ Mike Stewart used them to surf waves spawned by a single storm across a distance of 7,000 miles...
...Diana, Princess of Wales Memorial Fund, which has been criticized for allowing the late Princess' signature logo to appear on a tub of margarine, said Wednesday it was approached by the American toy firm Hasbro Inc. about games, puzzles and other toys, including a doll like its popular Sindy. But the London-based Fund responded, "The Diana, Princess of Wales Memorial Fund has not granted a license for a Diana Sindy Doll." A spokesman said a Diana doll of some other kind has not been ruled out, as long as it meets the trustees' requirements and is judged acceptable...
Despite such horror stories, the pace of bank mergers is likely to accelerate as McColl and his rivals battle for market share. "The next five years will make the past five look tame," says Lenny Mendonca, a senior partner at the McKinsey consulting firm. Mendonca says that the number of large national banks could shrink from about 40 today to as few as six or eight shortly after the turn of the century...
...Chemical Bank in 1996, is laying off about 3,000. The Swiss Bank Corp. merger with Union Bank of Switzerland has prompted a flood of pink slips in New York City. There's been selective pruning at the merged Morgan Stanley Dean Witter Discover. And since Asia tanked, international firms, including NatWest Securities, J.P. Morgan and Deutsche Morgan Grenfell, have been letting people go around the world. Says Howard Gabler, president of the Wall Street executive-search firm GZ Stephens: "The overall job scene on the Street is pretty...