Word: firmed
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Dates: during 1980-1989
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Investigators contacting Pierce's old Manhattan law firm were told he resigned in 1981. They would check his business address, but he doesn't have one. The searchers believe he lives in New York. Exactly where? Nobody knows. When he is in Washington, he stays with a friend. Who? Nobody knows. Why not subpoena Pierce? Well, says a subcommittee staffer, "you have to have an address." The HUD probe may drag on for months. So could the search for Silent...
Like nervous bachelors worried they may never find a mate, many of the Big Eight accounting firms in the U.S. have begun stampeding to the altar. Last week Deloitte, Haskins & Sells and Touche Ross announced that they had agreed to join forces as Deloitte & Touche (total revenues: $3.9 billion). Earlier the same day Arthur Andersen and Price Waterhouse revealed that they too have begun negotiating a merger that would produce a $4.9 billion firm. The announcements followed a decision by Ernst & Whinney and Arthur Young in June to consummate their own $4.3 billion corporate marriage...
...beauties in floor-length ball gowns. Lee failed to anticipate the outrage of campus males when they learned they would be deprived of the show of flesh that was traditionally part of homecoming. A group ganged up on the young producer, threatening to beat him up. But Lee stood firm. "In the end he did it his way," recalls Monty Ross, a friend from Lee's college days and vice president of his production company, 40 Acres and A Mule Filmworks. "It was Spike's vision that...
Beginning in 1984, the FDA permitted the Syntex pharmaceutical firm to give doctors free ganciclovir, a drug used to treat eye infections that frequently blind AIDS patients, under a special program that allows "compassionate use" of unproven drugs. Doctors who have dispensed the drug are convinced that it works, but all the conventional controlled studies have not been done. Nonetheless, the FDA last week approved ganciclovir for full marketing and sales. The agency also gave the go-ahead for wider distribution of another unproven drug, erythropoietin, which is used in cases of AIDS-associated anemia...
Pickens became Koito's largest stockholder last March, when his investment firm took over the shares (estimated cost: more than $800 million) from Kitaro Watanabe, a billionaire Japanese real estate speculator. In a project code- named Falcon, after Pickens' private jet, the Texan claims his goal is "to maximize the profits and value of Koito for all the shareholders." He asserts that Japanese companies put corporate interests before those of individual shareholders, notably by reinvesting profits in the company rather than increasing dividends...