Word: kendrick
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DIED. Pearl Luella Kendrick, 90, microbiologist who in 1939 helped develop a vaccine that led to the virtual eradication of whooping cough, long a childhood scourge; of cancer; in Grand Rapids, Mich. Kendrick also developed the standard DPT shot, which provides combined protection against diphtheria, whooping cough and tetanus...
...education issue their own, often easygoing approval for teacher-training programs. Nevertheless, with an awakened interest in "consumer protection" for parents and pupils, the council denied accreditation to teacher-training programs at 31% of colleges reviewed in 1979, compared with 10% in 1973. Says Salem, Ore., School Superintendent William Kendrick: "For too long, we've believed that if you hold a teaching certificate...
...nation's biggest general merchandise retailers. But last week, Grant, which operates 1,069 stores, became the second biggest U.S. company ever to enter bankruptcy proceedings (the biggest was Penn Central Transportation Co. in 1970). The beginning of the end came when Chairman James G. Kendrick, who has been fighting for more than a year to keep the firm afloat, disclosed that the company now had a "negative net worth." In other words, its debts exceed its $1 billion assets. Then the company filed a petition under Chapter 11 of the Bankruptcy Act. The move will enable Grant...
...Backlog. The company in the past year has dumped the old top management, closed 137 of the chain's 1,206 stores and cut its work force of 85,000 by 23,000. Under Kendrick, Grant is once again emphasizing its traditional less expensive lines of apparel, beauty products and home furnishings. But the chain is still carrying a mountainous backlog of air conditioners, refrigerators and other big appliances. Even if Grant can squeak past the threat of a bankruptcy liquidation next year, its future survival could well depend on how profitably it manages to sell off its inventory...
...Kendrick King...