Word: mergers
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Dates: during 1980-1989
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...point victory margin was the largest in an NFL playoff game since the merger of the NFL and American Football League in 1970. The most lopsided game before this was Washington's 51-7 victory over the Los Angeles Rams...
...American industries are currently more merger mad than banking. This year alone, scores of banks and savings and loan associations have joined forces with other institutions. Last week the fever spread all the way from New York City to Texas. First, Chemical New York, whose $56 billion in assets make it the seventh largest U.S. bank holding company, agreed to acquire Houston's Texas Commerce Bancshares (assets: $18.9 billion) for $1.19 billion. If completed, the merger will be among the biggest in U.S. banking history and will create the fourth largest bank company, behind Citicorp, BankAmerica and Chase Manhattan...
While Texas banks were leaping into mergers, San Francisco's BankAmerica was trying to elude Los Angeles-based First Interstate Bancorp. BankAmerica, staggering from losses of $600 million over the past nine months, has steadfastly ignored First Interstate's offers of a friendly merger, but the would-be acquirer last week unveiled a hostile bid that it values at $3.23 billion. BankAmerica Chairman A.W. Clausen called the action "reckless." Whatever happens to BankAmerica, it is increasingly clear that from the Texas oil patch to the California coast, virtually any institution is a possible target for the new merger-minded empire...
...while after the pro basketball merger, Erving and Philadelphia regularly fell just short of the ultimate victory. He kept telling himself that "the work itself is what counts. As hard as it was to make myself believe that, it was the only thing I had to cling to each year, that every game, every night, I did the best I could." In 1983 Philadelphia's eventual triumph seemed to be fundamentally his, and more than one city cheered...
...Marty, is central because it demonstrates "what we think humans are, and what justice is." Finally, there is talk that next spring Marty will be a dark-horse nominee in the election of the national bishop who will lead the large new Lutheran Church to be created by the merger of three branches of that faith...