Word: mergers
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...inequities have been common. Some workers have discovered that after years of service to an employer they had somehow failed to qualify for benefits. Others found that changing jobs or being put on layoff could deprive them of their benefits. The disappearance of a company through collapse or merger, or the bankruptcy of its pension fund because of inept or corrupt management (some pension officers have been known to lend money to friends or relatives at low interest) could leave veteran workers with little retirement income or none. In one celebrated pension catastrophe, when the Studebaker auto factory in South...
...addition, topics for discussion at the center will include the Harvard-Radcliffe non-merger merger, coordination of women's groups in the Harvard Houses and problems of being a woman at Harvard...
...German immigrant who acquired a German-language daily in New York in 1890; though Ridder owns the New York Journal of Commerce, its other properties are located in Western states. Says Bernard H. Ridder Jr., 57, who would continue to run the papers as a Knight-Ridder subsidiary: "The merger logic is simple. We have a good geographical fit, and there's no conflict in circulation...
...into the business in May and negotiated a revised loan agreement with two banks; but even so, the firm last month had less than $1 of capital for every $10 of debts-the point at which the Stock Exchange warns a member firm to act. If the merger fails and Hutton's debt-to-capital ratio climbs above 15 to 1, the firm would face suspension...
Other brokerages also are scrambling for survival. Last month, Blyth Eastman Dillon broke off merger talks with Paine, Webber, Jackson & Curtis, then promptly closed ten of its 55 branch offices and fired 350 employees. Hayden Stone Inc. and Shearson, Hammill are preparing for a merger by Labor Day; reports are circulating on the Street that as many as 1,000 employees will be laid off. Perhaps 100 other firms are talking merger, and the best guess as to how many more Big Board brokerages will merge or liquidate by the end of the year...