Word: londoners
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Dates: during 1980-1989
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...lost $1.8 million during the first six months of 1989, largely because of slumping U.S. sales. Jaguar tried to fend off Ford's advances by offering General Motors a 30% stake in the British firm. But last week the British government opened the way for Ford by waiving London's legislative right to veto any takeover of Jaguar before 1991. Ford put its offer on the table the next morning. GM officials decided the price was too high and withdrew...
Ford has promised Jaguar's officials a large degree of freedom in running the company. Even so, John Lawson, a London-based analyst for Nomura Research Institute, predicts that Ford will have to invest an additional $1.5 billion to improve Jaguar's production, which would bring the total investment to $4 billion. "That is going to be very hard for Ford to recover in the marketplace," Lawson warns. But then, status symbols seldom come cheap...
...dazzled audiences as the youngest actor ever to play the title role in Henry V at the Royal Shakespeare Company (RSC ). He starred in the Masterpiece Theater mini-series Fortunes of War. He built his own repertory company and led it through sold-out seasons in London and the provinces. He has written two plays and an autobiography, Beginning. He even married his leading lady, TV star Emma Thompson. No doubt about it: Branagh has conquered Britain...
...insurance can cost as much as $800 a year for a $200,000 house.) Jack Byrne, chairman of Fireman's Fund, figures that insurers will eventually shell out $2.5 billion to repair earthquake damage. They stand to recover perhaps two-thirds of that from international reinsurers -- Lloyd's of London is the biggest -- which protect insurers against catastrophic losses. Still, the earthquake claims, coming less than a month after the devastation caused by Hurricane Hugo, could set off a chain reaction. Reinsurers might become reluctant to continue backstopping American insurers, which in turn would write fewer policies and raise premiums...
...rapprochement includes an immediate resumption of consular ties, restoration of air and sea links between London and Buenos Aires and the lifting of all financial restrictions between the two countries. Britain also removed its prohibition on Argentine merchant and fishing ships within a 150- mile radius of the Falklands and agreed to help Argentina repair economic links with the European Community...