Word: inc
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Dates: during 1980-1989
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...lending officer of a big New York bank believes that at least 100 companies among the 1,000 largest American firms have "potentially serious problems." Adds Gilbert de Botton, president of Rothschild Inc. in New York: "Everybody on Wall Street expects at least one major bankruptcy before the end of the recession...
Virginia Wiley and John Huenefeld The Huenefeld Co., Inc. Bedford, Mass...
...Colonial Church, on the outskirts of Minneapolis, was designed by Architect Richard F. Hammel, 58, of Hammel Green Abrahamson, Inc., a Minneapolis-based firm. "Designing religious buildings is arduous," says Hammel. "It took six years of discussions and hard work with the congregation and its pastor, Dr. Arthur Rouner Jr., to achieve a harmonious understanding of the function and meaning of their church. But it is wonderful work, because something other than dollars is valued. You are designing for the celebration of human life...
Many of the wonder-drug companies, though, are not finding easy profits in their test tubes. In February, Bethesda Research Laboratories, of Gaithersburg, Md., laid off 180 of its 460 employees and canceled many of its long-term research projects. Also in February, Collaborative Research Inc., of Lexington, Mass., was forced to cut the price on its initial stock offering from the $17 it had hoped for to $11. In late March, Southern Biotech Inc., of Tampa, temporarily did not pay some management salaries and reduced research projects because it was running low on cash...
That was no mere melodrama. Last week Don Johnston, chairman of the JWT Group Inc., the parent company of J. Walter Thompson Co., the world's second largest advertising agency after Young & Rubicam, admitted that more than $30 million in phony revenues had turned up in the firm's records. Writing off the losses pushed J. Walter Thompson's 1981 earnings down 43%, to $7.1 million. Moreover, the company also admitted that two clients had been charged for television commercials that were never aired. The agency belatedly returned the money to the two firms...