Word: houstons
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Dates: during 1980-1989
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...Midland, Texas, and Bad Axe, Mich. After years of mounting losses, the firm sold the Boston Herald American to Rupert Murdoch in 1982 and shut down the Baltimore News-American four years later. As if to prove that it was not deserting big cities entirely, Hearst bought the Houston Chronicle in March for $400 million. The Chronicle (circ. 425,000) is vying for reader loyalty with the Houston Post (circ. 316,000), and victory will require greater infusions of cash...
Some Texaco creditors are said to hope that an eventual Holmes a Court takeover of the company would force a settlement of its long legal war with Houston-based Pennzoil. That struggle has raged since November 1985, when a Texas jury slapped Texaco with a $10.5 billion fine for interfering with a merger agreement between Pennzoil and Getty Oil, a judgment that finally led to Texaco's bankruptcy filing in April. On the other hand, Holmes a Court's purchase may mean that he believes a settlement between the two sides is in the wind, a development that would push...
...With Houston's oil-based economy mired in depression, foreclosures on residential properties have been running at more than 2,000 a month. Now some of those abandoned eyesores are being put to good use -- as public housing...
...Soviet salesmen touring the U.S. last week certainly made an aggressive capitalistic pitch: since NASA is out of the business of launching commercial satellites, the Soviet Union would happily fill the void -- for a reasonable price. The delegation from the civilian space agency Glavkosmos visited Washington and Houston, offering to loft U.S. satellites for about half the price of a ride on the European Ariane rocket. To assuage U.S. fears that technological secrets would be compromised, the Soviets even offered to accept the satellites in sealed packages...
...home runs, 71 RBIs and 80 stolen bases. He started not only to invite but to heed Batting Coach Billy DeMars' counsel and also began to grow famous. "He got rid of that 'potential' tag," says Rose, who like Davis lightly noted a record nine straight strikeouts in Houston a few weeks ago because the team still won. Among all his gaudy statistics, runs scored has become Davis' favorite category. "Runs win ball games," he explains. "Eric's a grown-up kid now," says Rose, the only man in the world who can use that phrase without irony...