Word: labored
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Dates: during 1980-1989
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...latest debacle. A series of downbeat realizations converged on Friday, ranging from signs of a new burst of inflation to sagging corporate profits to troubles in the junk- bond market that has fueled major takeovers. The singular event that shook investors was the faltering of a $6.75 billion labor-management buyout of UAL, the parent company of United Airlines, the second largest U.S. carrier. "That's when all hell broke loose," said Robert Newman, a floor trader for Equitrade Partners. "It was very reminiscent of something I do not care to think about...
Meanwhile, the Government's chief early-warning gauge of inflation indicated last week that the U.S. economy may be headed for trouble. The Labor Department said its Producer Price Index rose 0.9% in September, or about 10% on an annual basis, to break a three-month string of declining wholesale prices. Earlier in the week, Federal Reserve Chairman Alan Greenspan suggested that the Fed remains wary of inflation and therefore would be averse to easing interest rates. That was not what Wall Street wanted to hear...
...heaviest blow to the market came Friday afternoon. In a three-paragraph statement, UAL said a labor-management group headed by Chairman Stephen Wolf had failed to get enough financing to acquire United. Several banks had apparently balked at the deal, which was to be partly financed through junk bonds. The takeover group said it would submit a revised bid "in the near term," but the announcement stunned investors who had come to view the United deal as the latest sure thing in the 1980s buyout binge. Said John Downey, a trader at the Chicago Board Options Exchange: "The airline...
What are most RICO suits over? Shootings? Gambling? Drug syndicates? Nope. Try messy divorces, will disputes and labor actions...
...abortion provision is part of a $156.7 billion measure to finance labor, health and education programs for fiscal 1990, which began October...