Word: merchant
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Dates: during 1980-1989
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...Pentagon spokesman, Col. Marvin Braman, said survivors were seen being picked up by Soviet merchant ships, one of which had been towing the Yankee-class...
Most of the crew members were evacuated to nearby Soviet merchant ships, and a U.S. Navy tug was in the area ready to assist if needed, officials said...
Three Soviet merchant ships were near the ballistic missile-carrying submarine, a small boat was alongside the sub, and a Soviet ship capable of towing the sub also was in the vicinity, Icenogle said...
Amid the hubbub, some British financiers fret that Big Bang will eventually become a big bust for purely local firms. British investment houses, they note, are badly undercapitalized compared with their American and Japanese rivals. Britain's largest merchant bank, Morgan Grenfell, has a market capitalization of only $988 million, in contrast to Nomura's ($34 billion) or Salomon Brothers' ($6.6 billion). The worry is that unbridled competition will force many more old-line British houses to merge or go out of business. Says Ian Kerr, a British executive with Kidder, Peabody International: "The City of London has handed itself...
...racing craft owned and captained by British Airline and Record Magnate Richard Branson clipped 2 hr. 9 min. off the record, earning the "blue riband" traditionally awarded for top speed, and, presumably, the Hales Trophy glorifying it. But the ocean-liner fraternity cried foul. The curator of the U.S. Merchant Marine Museum, where the trophy is housed, refused to yield it to "a toy boat," as he called Branson's $2.3 / million Virgin Atlantic Challenger II, with its two turbocharged, 2,000-h.p. diesel engines. Retorted Branson: "To say (the award) has only to do with passenger liners...