Word: flows
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Dates: during 1980-1989
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Texaco's future financial position may be even better. Only Texaco's principal holding company and two financial subsidiaries are huddling within Chapter 11. Dozens of operating subsidiaries around the world are carrying on business as usual. They will help keep Texaco's annual cash flow close to $3.6 billion and its anticipated profit this year higher than $650 million -- all outside Pennzoil's direct grasp. That wrinkle took Chairman Liedtke by surprise. As he told TIME, "I thought that when we were suing Texaco, we were suing all of Texaco." Liedtke has claimed that Texaco illegally transferred assets, including...
...become a long-term trend. Contends Lyle Gramley, chief economist for the Mortgage Bankers Association of America: "There is no reason for interest rates to continue going up. That would slow the economy so much that the run-up wouldn't be sustained." But the abrupt halt to the flow of ever cheaper mortgage money might handicap an otherwise healthy homebuilding industry. Last week the Commerce Department reported that housing starts during March fell to an annual rate of 1.77 million, a 3.2% drop from the previous month...
...Holmes Hall Living Room provides space enough for Betrayal's many scene changes, which do not disrupt the flow of the play. The sets are not spectacular--a frugal bedroom, a two-table restaurant, and a couch, chair and table for a living room--but they are not meant...
Under Chapter 11 of the federal bankruptcy law, Texaco will be allowed to continue normal business operations. Its cash flow could actually improve because it will still receive sales revenue and yet be afforded relief from interest payments on its $9.1 billion in debts. But it could also lose a great deal of business because of uncertainty surrounding the Pennzoil case. Many of the jobs held by the company's 52,000 employees could be threatened. Moreover, Texaco will be under the strict supervision of a federal court. It will, for example, be forbidden to buy major oil reserves...
...like he just got off boat yesterday, and his accent has more of the West Side than the West End in it, Gelber still pulls off the kind of smooth and assured performance rare enough on the professional stage, let alone a Harvard House basement. One can watch the flow of emotions and thoughts in Gelber's Teddy; his grief and pride in his two friends are the truly touching parts of this production. After watching Gelber's translucent performance, Evett's final monologue looks jerky and insincere in comparison, even though it is a fine enough performance...