Word: loads
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Then in April 1988, a load of Brazilian cedar boards arrived in Tarpon Springs, Fla., aboard the freighter Amazon Sky. DEA alerted Tampa Customs that an informer had reported drugs were aboard. Inspectors drilled holes in stacks of lumber planks, but found nothing. At the last moment, a Customs man saw a crew member drop a plank and glance about nervously. The inspector drilled into the board and hit white powder. The seizure was a record 3,270 kg of cocaine, but just 700 of the 9,000 planks held any drugs...
...system for transferring the drugs is dizzyingly complicated but well- orchestrated. When a load of drugs is shipped to the U.S., the home office faxes to the cell head a list of buyers, the amount of their purchases and their beeper numbers. The cell head signals each customer's beeper to arrange a delivery at a street corner or parking lot. After the customer sells the cocaine down the line, he fixes a second meeting to make payment. The deals take two minutes or less to consummate...
When Time Warner last week put forth a novel financing plan designed to reduce its debt load, Wall Street responded with boos. But an even more widespread reaction was a baffled "Huh?" In an arrangement called a rights offering, the entertainment and information firm, the parent company of TIME, said it hoped to raise as much as $3.5 billion by selling current stockholders the rights to buy 34.5 million new shares. The price will depend on how many accept the offer...
...heavy debt load weighs on every sector of the economy from consumers to the Federal Government. Burdened by overzealous borrowing, more than 60,000 companies with liabilities totaling a record $64 billion declared bankruptcy last year. The pace has quickened in 1991 as firms with liabilities of $34.6 billion failed in the first four months alone. Last week the city of Bridgeport, Conn. (pop. 142,000), became the largest U.S. municipality ever to declare bankruptcy when it filed for protection from creditors after failing to find a politically acceptable way to close a $12 million budget...
...company's stunning success has bulldozed others out of an industry in which more than 350 major firms are trying to compete. Channel Home Centers, a New Jersey-based chain that has been saddled with a $268 million load of debt since it went private in 1986, entered Chapter 11 bankruptcy last January and plans to sell or close 34 of its 86 stores. Hechinger Co., a major Maryland- based chain of 115 centers, lost $800,000 in last year's fourth quarter before rebounding with a $7.2 million profit in the first quarter this year. That was down from...