Word: merchanted
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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...
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...
KASHANI'S BACKGROUND IS almost as colorful as he is. Born in Tehran to a wealthy Iranian landholding and merchant family, Kashani was brought to the United States when his father, a developer and international businessman, decided to settle in La Jolla, California. Though his family naturally had a strong interest in foreign affairs, Kashani describes rest of the family as politically apathetic...
Some of the returning alumni come back and say, "I remember you--I bought a tie from you," said one long-time Square merchant. "There's a wonderful atmosphere now. I love it. It's the busiest ten days for the summer...