Word: mayes
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Dates: during 1980-1989
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...offset by his warning that the Kremlin would abrogate a future START treaty if the U.S. goes too far with SDI testing. And the Senate would certainly want to review any deal on Star Wars as part of a START ratification process. "The Soviets made a constructive step which may facilitate negotiations," concludes House Foreign Affairs Committee chairman Dante Fascell. "But it only puts off the day of reckoning...
...Canadian mogul Robert Campeau was forced last month to relinquish control of his retailing empire and put the 17-store Bloomingdale's chain up for sale. In August Australian raider George Herscu put his U.S. retailing subsidiary into bankruptcy after becoming overwhelmed by its $1.2 billion takeover debt. Herscu may well have to sell Bonwit Teller (stores: 16) and B. Altman (7), which he acquired...
While B.A.T hired astute managers, the other two investors failed to recognize the industry's finicky and cyclical nature. Says Monroe Greenstein, who follows retailers for Bear, Stearns: "These people are developers and financiers. While they may be savvy about other types of business, they don't have that retail knowledge." The new owners may not have such problems. Among the most probable bidders are Little Rock's Dillard and St. Louis' May stores. In this industry, at least, ownership may shift back to U.S. hands...
...test of strength against the army of Phnom Penh. As for Viet Nam's soldiers, they left behind more than 50,000 dead and returned home to a nation demoralized by poverty, unemployment, food shortages, corruption and continuing status as an international pariah. Both countries confront internal challenges that may make the past decade seem a time of relative tranquillity...
...ways the two companies communicate. "I'm seen as terribly abrupt and abrasive," says Nevin. "If you're very direct, you're admired in American culture. The Japanese culture is much more subtle. I can never get them to tell me what they actually mean, and they may think I'm rude and crass. But both sides are only behaving in ways familiar to their own cultures...