Word: halts
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Dates: during 1980-1989
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...biggest gambles in the history of the defense business came to an inglorious end last week. Los Angeles-based Northrop said it would halt development of the F-20 fighter jet after spending $1.2 billion on the still experimental plane, known as the Tigershark, over the past eight years. The decision came two weeks after the Air Force rejected a proposed contract to buy 270 F-20s for $3.5 billion. The Pentagon decided instead to upgrade an equally large fleet of General Dynamics F-16s at a cost of $2.3 million each -- only one-fifth...
...Boesky case had an instant sobering effect on the takeover game. As the thunder of the insider-trading disclosures rose in volume, a number of big plays suddenly came to a halt. Wickes, a Santa Monica, Calif., retailing and manufacturing conglomerate headed by Sanford Sigoloff, 56, announced that it might not be able to carry out the estimated $1.7 billion acquisition of California's Lear Siegler, the aerospace and automotive-products concern. Sigoloff's bankers, spooked by the Boesky scandal, apparently balked at financing the deal...
...secret. In this instance, the story of the clandestine negotiations with Iran was broken not by the American press but by a Lebanese magazine and the speaker of the Iranian parliament. Together they provided the major outlines of the secret dealings. Even as President Reagan pleaded for a halt to speculation, sources within his own Government confirmed much of the speculation and added important details. While some congressional leaders questioned the wisdom of making such a deal in the first place, other critics blamed the disclosure on the Administration's failure to take into account the danger of leakage...
...strain was real, and in extreme cases, like Decorative Figure on an Ornamental Ground, 1925-26, it induces an almost palpable discomfort. The sheer congestion of pattern -- rococo mirror, painted wallpaper, overlapping rugs, Ming blue planter -- dismays the eye while seducing it, and the architectonic forms of the nude halt the whirling of color like a massive log brusquely jammed in the gears of a machine. This is the creation not of a complacent man but of an artist at the height of his powers and willing to gamble deeply. By putting such paintings alongside others that are less well...
Despite the high hopes raised among AIDS patients by the experimental drug AZT, the panel predicts that development of a safe, effective drug to halt or cure the disease or a vaccine that would prevent infection looks to be at least five years away. The time could be even longer, the panel said, if efforts are not stepped up greatly now. In France, however, some AIDS researchers appear more hopeful. Dr. Marc Girard of the Pasteur Institute in Paris announced last week that a vaccine developed there should be ready for human trials sometime next year. The vaccine was developed...