Word: flowing
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...believe in such chronic convulsions, the business world last week provided the spectacle of two cycles reaching opposite apogees at once, of simultaneous expansion and fragmentation. But here is the twist on the ancient adage: one corporation divides, the better to thrive; two companies, meanwhile, join for astonishing cash flow--but in so doing step into new uncertainties...
...share. He claims to be patient about that, though skeptics think he could become restless and demanding if the trend does not materialize. Turner last week was entertaining no such second thoughts. "Now I'm Ted Time Warner," he declared. "Hey, let's get the cash flow up, the stock price up, and live together happily ever after." Wall Street, however, will have the final word...
Schlichtmann, then an ambitious young personal-injury lawyer in Boston, took the case despite warnings from his partners that their firm was too small and its cash flow insufficient to finance a war with not one but two conglomerates at the same time. Even if they won, two-thirds of any settlement or verdict was pledged to Trial Lawyers for Public Justice, a Washington group that farmed out the suit to Schlichtmann. There would be staggering expenses for expert witnesses, legal specialists and clerical work. Last, and sometimes it seems least, was the compensation for families whose children and spouses...
...took issue with a report by the engineering firm Rizzo and Associates, who told the city council that the lane shrinkage would provide pedestrians and drivers with an improved view of one another, thereby increasing safety. "I'm worried there will be either an impact on traffic flow or on pedestrian safety," Galluccio said...
Meanwhile, some Time Warner stockholders worry that the nearly 200 million shares that Time Warner proposes to issue for Turner would reduce the value of their investments. Others point out that the deal would bring Time Warner $2.9 billion in new revenues and $600 million in fresh cash flow. "Time Warner isn't paying a stupid price," says Jeffrey Logsdon of the Seidler Companies investment firm in Los Angeles. "It's a healthy price." For Levin and Time Warner, it's the price of being No. 1 again...