Word: morrision
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For investors, the lawsuits represent a cloud hanging over the industry. Philip Morris shares closed the week at 74 5/8, down 21% from their March high. R.J. Reynolds was at 25½, off 27% from its April peak. Admits Reynolds Chairman J. Tylee Wilson: "I believe that the product-liability issue...
Tobacco companies have not been standing by doing nothing as their stocks go down. Philip Morris, in buying General Foods, and R.J. Reynolds, in taking over Nabisco, have made dramatic moves that will change the structure of those companies. Philip Morris, which had earlier acquired Miller Brewing and Seven-Up...
Pledges of outside aid came just as quickly. Along with the U.S. Army rescue helicopters, Washington's Ambassador to Colombia Charles A. Gillespie released an immediate $25,000 to local authorities. Within 36 hours the first of three U.S. C-130 Hercules transport aircraft flew from Howard Air Force Base...
On a crisp night early this month, Astronomers Stephen Edberg and Charles Morris, both 33, of NASA's Jet Propulsion Laboratory in Pasadena, Calif., drove up a rocky slope on Mount Waterman, 25 miles northeast of Los Angeles. Scanning the moonless heavens with his binoculars, Morris sighted a faint light...
Reports of the event stirred amateur stargazers from coast to coast, inspiring them to stare expectantly last week through shiny new binoculars and small telescopes at a region near the Pleiades, a tight star cluster in the eastern sky. Like Morris and Edberg, all hoped to catch a glimpse of...