Word: morgan
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...HARVARD (Estes, Hutchison, Wriede, Kelly), 1:49.83; 2. Brown, (Morgan, Balstead, Pau, Smith), 1:52.45; 3. HARVARD...
...Estes (H), 1:00.83; 2. Ryan (H), 1:01.23; 3. Morgan...
...deal. Remember the $300-a-share United Airlines buyout that fell through? The stock closed at 99 3/4 last week. Federal Reserve Chairman Alan Greenspan should whisper to the chairman of Morgan Guaranty Trust, "Do it at $160." It's just one deal, but it could affect psychology. The crazy '80s are over, it would say ($300 a share was preposterous), but the world is not going to end, and deals can still be done at other than fire-sale prices. If investors saw UAL shoot to 160 in a deal backed by America's most highly respected bank, greed...
...action is part of GM's campaign to concentrate operations in its most efficient plants, most notably its new Saturn factory in Tennessee. "GM wants to begin the decade of the '90s with a clean slate," says Scott Merlis, an analyst with the investment firm Morgan Stanley. The automaker's latest downsizing, which will eliminate an estimated 20,000 jobs, drew no protest from the United Auto Workers. One reason is that the U.A.W.'s new contract with GM allows many workers who lose their jobs to get severance equal to as much as three years...
...Land introduced instant photography in 1947, had asked for $12 billion in damages. But Kodak offered to pay only $177 million. Industry experts, who predicted a settlement of $1 billion to $2 billion, think Polaroid will appeal the decision and seek higher damages. Says Brenda Landry, an analyst for Morgan Stanley: "In terms of the amount of sales and patents involved, it doesn't seem very big." Many experts viewed the ruling as a modest victory for Kodak, which might have been forced to sell off assets if the award had exceeded $1 billion...