Word: halting
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Lisa's demise may signal further hard times for the Cupertino, Calif.-based company. Layoffs will inevitably result from the production halt. In anticipation of a period of slower growth, Apple last week also announced plans to reduce its advertising budget...
...proliferation of the paper, though, is causing both moneymen and legislators to wonder whether the junk pile could collapse. Last week New Mexico Republican Pete Domenici introduced a Senate bill that would halt the feverish growth by putting a moratorium until the end of the year on most takeovers financed by junk bonds. The bill could put a stop to deals like Corporate Raider T. Boone Pickens' plan to acquire Unocal with some $3 billion in junk bonds, one of the largest issues ever proposed...
...weather was unseasonably warm on the Saturday before Christmas when Goetz strolled out of his apartment. He descended into the 14th Street station of the Seventh Avenue subway line. As the No. 2 express screeched to a halt, Goetz, wearing a blue windbreaker, quickly scanned the cars, looking for a relatively empty one. According to his later statements, he took a seat across from the door through which he entered, on a long bench. Directly opposite him sat Troy Canty, 19; to Goetz's right, on a short two-seat bench, sat Darrell Cabey, 19, and James Ramseur, 19. Diagonally...
...Navy was not eager to pay the $843 million extra charge, but General Dynamics threatened to halt production of the submarines if the Pentagon refused to absorb the overrun. Company documents reveal that Lewis told Assistant Navy Secretary Edward Hidalgo that "it might well become necessary to close down those operations at Electric Boat relating to the 688 program." Charges Veliotis: "General Dynamics was prepared to hold the nation's vital submarine program hostage in order to squeeze more money out of the Government...
While the immediate danger of a wider panic now seems averted, the questions have just begun to be asked about what caused the Ohio panic and what should be done to halt future outbreaks at an earlier stage. The episode is the latest in a string of U.S. banking calamities that include a surge in shaky farm loans, management scandals and the $4.5 billion federal bailout last July of Continental Illinois...