Word: gbi
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Dates: during 1990-1999
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...stake in DePuy, a Warsaw, Indiana-based manufacturer of orthopedic products. The final price of the deal is subject to negotiation. If approved by regulatory authorities, however, the takeover is expected to bring a round of layoffs. Though Roche declined to give specific figures, the Swiss industrial labor union GBI said it feared job cuts of 15 percent from the 70,000 workers now employed at the combined companies. Roche finance chief Henri B. Meier predicted the takeover would soon increase earnings, but that in the current year it will "dilute" profits. American investors will have their say when...
...ATLANTA: Gun Watcher Georgia's brand-new Instant Gun Check is a success--with one loophole. If Georgia Bureau of Investigation phones are down for one business day, any applicant can get a gun--no questions asked. When a two-day blizzard shut down Atlanta last month, GBI director Nix arranged for stranded phone operators to be driven in by four-wheel drives. During that period, 24 would-be purchasers turned out to be convicted felons...