Word: houston
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...visit to the spanking-new gallery that opened last week in Dallas. No, it is not just another branch of Century 21, but a dazzling display mounted by the Federal Savings and Loan Insurance Corporation. Prospective buyers can browse through glossy pictures of a $13 million office tower in Houston or a 50-room $2 million hotel in New Orleans' French Quarter...
...every city the Pope has hit a home run -- with the bases loaded," beamed Houston's Bishop Joseph Fiorenza. But that seemed a pardonable exaggeration. By no reckoning had John Paul taken America with the same wave of enthusiasm that his 1979 tour generated. Possibly, however, the relative calm of this visit suited John Paul, for nothing he did distracted from the strong message of papal authority he sought to deliver...
...coming force in the N.B.A. is a Nigerian, Houston Rocket Akeem Olajuwon (whose countryman Christian Okoye, incidentally, gained 105 yds. last week in his pro-football debut with the Kansas City Chiefs). Newell says, "I asked Akeem recently about his wonderful footwork. He replied, 'I played much soccer.' The foreign athletes' background in soccer may be a tremendous asset. They have an ambidexterity with their feet. I think if I were still coaching basketball, I'd have my team play soccer...
...mood seemed remarkably upbeat for the headquarters of a company that has been hemorrhaging money for two years. Workers danced in the hallways. A manager who had submitted his resignation five days earlier changed his mind. All in all, an air of elation last week permeated the Houston offices of First City, Texas' fourth largest banking firm. And with good reason: word had just come from Washington that the Federal Deposit Insurance Corporation had agreed to save the failing institution by pumping in $970 million worth of assistance. The cavalry-like rescue was the second largest in banking history, eclipsed...
...rode the FDIC and Abboud, who will assume management of the company from Houston's powerful Elkins family. The current shareholders will end up with less than a 3% stake in First City. The FDIC intervention, financed by annual premiums that U.S. banks pay to the federal agency, kept the Government from having to pay depositors an estimated $1.8 billion if the bank had gone out of business. But "this is no bailout," asserts FDIC Chairman L. William Seidman. "In terms of the stockholders and management, the bank has failed...