Word: merchant
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Dates: during 1980-1989
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...Tabriz and the oil-loading terminal at Kharg Island. Iran concentrated its bombing raids on the northern Iraqi cities of Kirkuk, Mosul and Baghdad. Tehran claimed it had shot down 57 Iraqi planes, destroyed scores of tanks and armored personnel carriers, as well as six missile boats, a merchant ship and 67 military bases and key industrial sites. Tehran also claimed that an entire Iraqi regiment of 600 men had surrendered after Iranian forces trapped them in a pincer movement on the northern front...
DIED. Bruce A. Gimbel, 67, merchant-sportsman who for 22 years headed the department-store chain that grew out of a single emporium in Indiana established by his grandfather Adam in 1842; of cardiac arrest; in Greenwich, Conn. An avid private pilot as well as a shrewd businessman, Gimbel led the chain's expansion into the growing suburbs in the '50s. In 1973 he negotiated sale of the firm, then 10% owned by the Gimbel family and now comprising 69 Gimbels and Saks Fifth Avenue stores, to a subsidiary of the British-American Tobacco Co. for $195 million...
...best," he says, "then we'll buy it." About Iraq's resources, he notes: "We do not drink oil, we sell it, and we know that our major markets are in the West and in Japan." But Saddam is not content to be a merchant; he wants to be a powerful statesman. In 1982 Baghdad will host the Conference of Non-Aligned Countries, and Saddam is said to be determined to assume leadership of the movement...
...indication of MURAG's effect on the banking community came in the spring. The Merchant Bank of Boston--which was hoping to buy a branch, asked MURAG to agree not to file a complaint with the banking board. In return, the bank would sign an agreement to improve its community investment policies...
...southern Italy or as near as a young designer's SoHo loft: cardigans in this fall's newest colors (baby pastels), crepe de Chine jumpsuits by Stephen Burrows, $85 knit caps from Paris. The show-and-tell sessions can last for three hours. Then, with her merchant's instinct, Geraldine (Gerry) Stutz, 56, grandly decides which products Henri Bendel will carry...