Word: frankfurt
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...many as 568 people.) Working with some 20 airlines, Airbus is spending $9 billion to develop a plane it calls the A3XX and promises to roll out the monster by 2004. Boeing says its own "medium-large" 767s and 777s can easily connect cities such as Cincinnati, Ohio, and Frankfurt, Germany, eliminating the need for superjumbo jets to gather passengers from around the country at hub airports like New York City's J.F.K...
...been thinking about the same thing," replied Eaton, chairman of the once dented but lookin'-pretty-good-these-days American automaker. And so began a rapid courtship, replete with the secret rendezvous (London, Frankfurt) and code name (Operation Gamma) that lovers and business executives are wont to employ. The result, the largest industrial marriage in history, takes what had been the world's No. 6 car company, Chrysler, and stuffs it into the trunk of erstwhile No. 15 Daimler-Benz, to produce the planet's fifth biggest automobile concern. The new combine, valued at $40 billion, will generate $130 billion...
DIED. ROB PILATUS, 32, half of the famously seen-but-not-heard Europop duo Milli Vanilli, which had to relinquish its 1989 Grammy after it was revealed that the pretty boys had lip-synched their album; after reportedly overdosing on drugs and alcohol; near Frankfurt, Germany. Pilatus never really recovered from the humiliation: the following year he tried to commit suicide and later spent time in rehab after pleading no contest to assault charges...
...Even within the chosen 11, some poor performers could drag down the currency: Italy, for example, has a debt greater than 120 percent of GDP. More immediately, the EU has to resolve, by May 2, the touchy question of who should head up the new European Central Bank in Frankfurt. ?There?s a political battle between the French and the Germans right now over who will be named president of the central bank,? says TIME Brussels bureau chief James Graff. And skepticism about the wisdom of surrendering fiscal sovereignty endures throughout Europe. At least the coins look pretty...
...urge them to roll over loans to Seoul. McDonough also asked the bankers to delay the "margin calls" on currency swaps and derivative deals, which might help unravel the deal. The bankers didn't have much choice: it was go along or go without. Similar meetings took place in Frankfurt, London, Paris and Tokyo. The holiday complicated matters: as Christmas approached, Rubin and Summers spent some time tracking down the nation's "masters of the universe" at various ski resorts and Caribbean watering holes to reinforce the message...