Word: milling
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...already two acquisitions valued at more than $2.5 billion, bulking up the company's medical and automation businesses. A 19-year Siemens veteran, including three years running its U.S. operations, Kleinfeld is known for his cross-cultural savvy--a true next-generation European CEO. The rumor mill is spinning that his next deal could be with a cell-phone handsetmaker to fill the one gap in Siemens' communications portfolio. By Coco Masters
...original British version, which ran for only 12 episodes and a feature-length special, was a faux-reality series following the daily life of a prim paper mill in Slough, England. Viewers expecting a by-the-numbers experience were pleasantly surprised—shocked, even—to find themselves laughing hysterically at the jaw-dropping antics of David Brent (played by co-creator Ricky Gervais), the regional manager who spends his time obliviously horrifying everyone around...
Wheeling-Pittsburgh is America's seventh largest steelmaker (1984 sales: $1 billion) and also one of its most modern. In the early 1980s, the company went heavily into debt to install a new rail mill and two continuous casters. The effort, coming in the midst of the steel industry's problems, was too little and too late. Losses mounted, reaching about $166 million during the past three years. Last week the company filed for protection from creditors under Chapter 11 of the U.S. bankruptcy law, the largest bust in the industry's history...
Hugging the eastern bank of the rust-colored Monongahela River, the mammoth Wheeling-Pittsburgh steel plant has long dominated the town of Monessen, Pa. (pop. 12,000), situated in the shadow of the Allegheny Mountains 40 miles south of Pittsburgh. Last week the mill was conspicuous for another reason. Hit by the first major strike of the United Steelworkers in 26 years, the Wheeling plant stood idle...
...killed and their homes destroyed. Terrorism is on the rise. We have alienated our allies and encouraged our enemies to seek nuclear arms, and at home we are cutting funding for basic programs while increasing the military budget and the deficit. I for one am not cheering. Danny Boyer Mill Valley, California...