Word: forayed
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Slalom Specialist Tomba should dominate today. Sentimental favorite: Sweden's Ingemar Stenmark, the aging (nearly 32) double gold winner at Lake Placid. -- The grand battle of the Car mens. Thomas and Witt both skate a final program to the same opera's music -- the foray a d'or each must...
Even the USX foray pales in comparison with the size of Icahn's latest target: Texaco (1986 sales: $31.6 billion). Icahn began buying shares in the company when it declared bankruptcy last spring after failing to reach any settlement with Pennzoil, which had won a $10.3 billion judgment against Texaco in a Texas court. Icahn got his chance to help break the impasse in December, when Bankruptcy Judge Howard Schwartzberg ruled that Texaco's shareholders could strike their own deal with Pennzoil, with or without the approval of Texaco management. Before long, spurred in part by Icahn's repeated phone...
Cronin has noticed no change in her perception of external reality as the result of her foray into the New Age, but the experience has left its mark. "Before going out on a difficult assignment, I sometimes pull that energizing magic crystal out of my bottom desk drawer," she reports. "And I concentrate on the key words for the New Age: surrender and trust...
...squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss so far on his ill-timed oil-patch foray: some $100 million...
...things could hardly get worse. He bought $30,000 worth of shares in high-technology firms like IBM, Microsoft and Apple, with no intention of selling at all. Said Brown: "Now I'm just going to sit on them and watch and wait." By Friday the doctor's first foray into stocks was already beginning to look prescient: on paper at least, he had made a profit...