Word: junking
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...holiday shoppers. But for the workaholic Milken, the idyll ended when he received some distressing news: the company that stood by him through almost two years of Government investigations had abruptly decided to settle its case with prosecutors, effectively cutting him adrift to fight his own battle. The junk- bond king, 42, who has created billions of dollars in revenue for Drexel, made hundreds of millions for himself and ranks as the most influential financier of the decade, rushed to the offices of his attorneys. In less than an hour, the group issued a statement: "Michael Milken...
...stock prices to reap millions of dollars in illicit profits and defraud his clients. The lawsuit portrayed Milken as a zealous dealmaker whose disrespect for tradition led him to disregard the law as well. A suburban Los Angeles native who attended Wharton Business School, Milken was the pioneer of junk bonds as a financing technique for midsize companies and later as the potent fuel for takeovers...
Governor Romer will not let the junk be sent anywhere until a permanent disposal site is ready. And if the poisonous waste passes the legal limit of 1,600 cu. yds.? Until last week Romer had vowed, "I don't want to close Rocky Flats, but I'm willing...
...that almost 70% of the Wellsburg area's 11,000 residents were at risk for heart disease. "I was just shocked that my cholesterol was that high," says Kitty Weidner, 75, whose reading was 241 milligrams per deciliter (mg/dl) of blood. Admits store owner Tom Zurbuch, 46, a former junk- food junkie whose cholesterol level was about 265: "Apparently, we haven't been eating right...
...buyout binge produces some big-time losers as well, particularly investors who owned a company's top-quality bonds when the same firm's junk bonds hit the market. Since the new IOUs would saddle the company with a riskier load of debt, the old bonds get clobbered. No sooner had Johnson disclosed that he wanted to buy RJR Nabisco, for example, than the company's $5 billion of outstanding bonds lost 20% of their value. Furious bondholders, including Metropolitan Life and ITT, immediately sued for damages. Declared Metropolitan Life chairman Creedon: "No one in his right mind wants...