Word: interest
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Dates: during 1990-1999
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Dire is right. After a major inventory snafu, Fruit's financial elastic stretched again last month, when it had to make a $45 million interest payment on accumulated debt of $1.3 billion. Its stock, traded at $48 a few years ago, now sells for less than $4. The board, its confidence in Farley shaken, managed to shunt him into the role of nonexecutive chairman in August, and the company is searching for a new CEO. Farley retains a role in large measure because he still controls 28.5% of Fruit's voting shares. He has also arranged for the company...
...diet was essential for allowing the body to burn fat more effectively. He also contended that reducing insulin levels could help prevent many diet- and weight-related diseases, including high cholesterol, hypertension and diabetes. Atkins is a cardiologist too, but he is selling books. This physician, with no vested interest, made it clearer to me that carbohydrates are often the culprit. Certainly the majority of my overweight patients are carbohydrate junkies...
...distracting office romances. His longtime companion was Billie Cherry, a woman who worked for him. Cherry and her friend Terry Church followed Knox from Pittsburgh to Keystone. The bank moved aggressively into the national market for "subprime" home-equity loans, which are riskier than first mortgages but generate higher interest payments. Keystone was earning about 5% profit on its assets--more than double the industry average--by the time McConnell died...
...Russia, China and Indonesia literally get away with murder. By that token, what can be read into the apathy shown toward Africa's humanitarian crises? None of the transgressors can be considered "important" in that context, so why have America and the rest of the world shown scant interest in the suffering of the innocent civilians of Angola, Eritrea, Ethiopia, the Democratic Republic of the Congo and other African states? PAUL MATHIAS Pretoria, South Africa...
...wide-open territory. "We feel like we've only scratched the surface in Europe," says Coke spokeswoman Susan McDermott. Equity Management, the largest U.S. licensing agency, which handles licensing chores that include research, legal work and quality control for its client corporations, gives some measure of the new American interest in landing on European soil. Most of Equity's 100 or so clients are eyeing Continental markets or have already taken the plunge. Says GM's trademark-and-copyright counsel Ken Enborg: "Europe is on the verge of a corporate brand-licensing explosion...