Word: iris
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Most of the devices, which are used mainly by big-city banks and suburban ones that are frequently held up, are made by the'U.S. Currency Protection Corp. of Arizona and IRI Americas in Pennsylvania. The firms, though, are facing a rival system made by Scented Money Deterrent Co. of Atlanta. That device releases the odor of rotten eggs, leaving a pungent trail for police to follow...
...smaller companies have suffered most from all these developments. Last July, IRI of Louisville, Ky., the littlest tire manufacturer, filed for bankruptcy; it was followed soon by Ohio's Mansfield Tire & Rubber (1978 sales: $112 million). Before the year was over, Indiana's McCreary Tire & Rubber ($50 million) had stopped making passenger-car tires...
...captured chunks of Ethiopian territory in Eritrea on the Red Sea and the Ogaden region bordering the Somali Democratic Republic. In mid-December, big Antonov and Ilyushin transport planes began wheeling into the airport at Addis Ababa, the Ethiopian capital. The airlift, which appears to be concluding, has brought iri $850 million worth of arms, including T-34 tanks, field guns, heavy mortars and light missiles. U.S. officials believe Moscow has also supplied a number of fighter planes, possibly including advanced...
There have been tension and trouble ever since 1968, when two state-run enterprises, ENl and IRI, bought a major block of stock in Montecatini-Edison. The state companies want Italy's chemical industry welded into a cartel strong enough to thwart foreign competitors. The government's men have proved to be far more dynamic and adept at grabbing power than the representatives of private shareholders. Now the state's executives are likely to move into the vacuum created by Merzagora's departure. In Italy, the government already has monopoly control over electric power, telephones, railroads...
...Syndicate. The unhealthy financial system has come under attack from several fronts lately, as both the government and forward-looking private investors have sought to pry open the country's long-closed business establishment. Acting through a state-owned investment bank, the government-owned holding companies ENI and IRI quietly bought effective control of Montecatini Edison last October. Once in power, the state agencies ousted both Sade-Finanziaria and Italpi from a syndicate of controlling stockholders because the companies were owned by Montecatini...