Word: itt
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...from Gilead Sciences, a biotechnology outfit, to Quest Diagnostics, which administers blood and other laboratory tests, to Ventas, a real estate investment trust that manages hospitals and nursing homes. Another secular trend: more Americans seeking out higher education. Among the beneficiaries are for-profit institutions such as Apollo Group, ITT Educational Services and Strayer Education...
...ITT's Intelligence and Information Warfare division is currently hawking a system called Cell Hound that detects all active cell phones within a prison facility and then displays the location on a computer monitor. The monitoring device can also be used to gather intelligence on other illegal activity among inmates. Last month, a Maryland investigation that included wiretaps on prison cell phones resulted in drug and weapons charges for two dozen people, including four state prison officers...
...buildings, but they always made sure to issue warnings beforehand to prevent injury. In 1971, they detonated several small bombs around the U.S. Capitol, in protest of the U.S. invasion of Laos. Several more followed: the 1972 Pentagon bombing (for the U.S. bombing of Hanoi); the 1973 bombing of ITT Headquarters in New York (protesting the government-backed coup in Chile); and the 1975 bombing of the U.S. Department of State (escalation in Vietnam...
...newspapers a generation ago, Anderson drew readers with his decades of scoops: he reported Washington's tilt away from India and toward Pakistan (it earned him a 1972 Pulitzer). He established a link between the Nixon Justice Department's settling of an antitrust case against ITT and the conglomerate's $400,000 pledge to the 1972 Republican Convention. He revealed key elements of the Reagan Administration's effort to sell arms illegally to Iran and turn over the profits to anticommunist forces in Central America...
Ironically, this frenzied activity is occurring at a time when many corporate empires built on mergers are crumbling. Conglomerates like ITT, Gulf & Western and Litton, which grew into unwieldy monsters by gobbling companies in a wide range of unrelated industries, are now disgorging myriad properties. Last June, for example, G & W sold $1 billion worth of subsidiaries to Wickes, which was itself once forced into bankruptcy partly because of a disastrous acquisition. Smaller companies, too, are finding that it pays to get back to basics. Last week Colgate-Palmolive said it plans to sell its athletic-equipment division and several...