Word: fraying
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...last couple of years, but last week there was one so huge and unexpected that even the most jaded brokers blinked in surprise. In a startling new twist to an ongoing takeover battle between Mesa Petroleum Co. and Cities Service Co., the Gulf Oil Corp. entered the fray. Gulf, the ninth largest U.S. industrial corporation (1981 sales: $28 billion), announced that it had worked out a friendly takeover deal with Cities Service (1981 revenues: $8.5 billion). Gulf agreed to pay $5.04 billion for 100% of Cities Service's 80.4 million outstanding shares...
...only 400 yds. from the Fitzroy beach. The attack was particularly unexpected because for well over a week bad weather had kept Argentine flyers away from the British fleet. There had even been speculation that the air force had been too badly crippled by losses to re-enter the fray. The British claimed to have downed about 70 aircraft. But according to U.S. sources, the Argentines had also received reinforcements: ten Peruvian Mirages flown from Lima early last week...
Parents get together to give their kids a healthy upbringing, but they turn the little nippers over to a clique of competition-crazed arm chair sluggers who often run the kids ragged. The strong survive emerging from the dusty fray with championship trophies and .800 batting averages. The rest end up fighting back tears in right field...
...went well until housewives from a local evangelical church learned of the eight-year-old course and concluded to their horror that the taxpayers' money was being spent to encourage experimental sex and voyeurism. As angry state legislators entered the fray, Singer announced that he would no longer give course credits for sex. Last week, however, Cal State officials suspended Singer for 30 days, pending an investigation into his x-rated methods of arousing student interest. The professor insisted that there was nothing immoral about his approach to learning by doing. "Lots of universities have field trips," he said...
...pandemonium. Klaxons howled as British seamen rushed to red alert stations. Machine guns hammered a deafening staccato and Sea Dart and Seawolf missiles aboard British destroyers and frigates locked on to targets and then whooshed away in clouds of smoke and flame. Land-based Rapier antiaircraft missiles joined the fray, as did the nimble Harriers with their Sidewinder missiles (see box). The attacking Argentine pilots could see the missiles zooming toward them and hear the gunfire, but they continued to press their attacks. Said one military attache: "They are bloody good flyers with plenty of courage." After a bombing...