Word: flagship
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Dates: during 1990-1999
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...face-lift of the Sunday Los Angeles Times Magazine is just the latest indication that the once somnolent flagship of the Times Mirror Co. is positioning itself to challenge the nation's most highly regarded newspapers -- the New York Times, the Washington Post and the Wall Street Journal -- for visibility, influence and prestige. With a daily circulation of 1.2 million, the L.A. Times is already the largest metropolitan paper in the U.S., outstripping the daily New York Times by 88,000 and the Washington Post by 416,000. Its profits for 1991 are projected to top $110 million, double that...
...part, Annenberg (whose flagship magazine was TV Guide) said he had toyed with the idea of turning his home in Rancho Mirage, Calif., into a "private little museum," but had decided to place the collection in a wider context. "There are only two complete museums in the world, the Louvre and the Met. My judgment was that the Met was probably the best protection I would get. It was a matter of continuity...
...world's most powerful cocaine cartels. Among those laundering drug profits through B.C.C.I., say investigators, was former Panamanian strongman Manuel Noriega, who was collared by U.S. authorities in early 1990. Prosecutors who tracked his finances said Noriega had funneled $500,000 of cocaine funds through First American's flagship bank in Washington. First American officials denied any knowledge of the transaction...
...report its own demise. Owing $142 million and losing money, Financial News Network Inc. was headed for oblivion until, last week, it finally accomplished what it had been trying for five months: it sold important assets and raised cash. Dow Jones and Westinghouse Broadcasting jointly bought the flagship FNN cable news channel plus the company's weekend sports service, its syndicated program This Morning's Business and a radio news service for about $90 million...
...airline workers worldwide, from machinists in Kansas City to flight attendants in Amsterdam, have lost their jobs since January. USAir, which reported $221 million in losses for the fourth quarter, last week laid off 3,600 workers. Belgium's national airline, Sabena, and Spain's flagship carrier, Iberia, each announced plans to eliminate more than 2,000 jobs. British Airways, which suffered a 72% profit decline last quarter, cut 4,600 jobs while mothballing five Boeing planes worth $1.5 billion...