Word: nearing
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Dates: during 1970-1979
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Today, at 250 locations in and near major cities, the green Holiday Inn marquee and the yellow McDonald's arches have company: the red steeple housing a black plastic nonringing bell, the symbol of Alabama-based Kinder-Care Learning Centers, Inc. By offering a service that is safe, uniform and reasonably priced, it has become the largest network of places where parents can deposit offspring for a few liberating hours...
...fear it would collapse. Bell rejected his own in-house advice that Lykes could be saved and competition maintained by selling assets to raise cash. The weakness of the company, he said, "led me to conclude that Lykes faced a grave probability of a business failure in the near future...
That would have been particularly painful, because Lykes last September closed some facilities in and near Youngstown, Ohio, eliminating 5,000 jobs. Local church and civic leaders hope to reopen the mills by collecting funds from people in the area and getting Government-guaranteed loans, but their chances seem slim and will be unaffected by last week's decision...
...major aerospace manufacturer and food processor, is keeping quiet about its postmerger plans, at least until after shareholders of both companies vote in late August or early September to approve the linkup. All LTV has said is that it will not close Youngstown's Indiana Harbor mill, near Chicago, which could feed raw steel to Jones & Laughlin's Hennepin, Ill., processing plant and give the enlarged combine a fully integrated facility in the Middle West. While the two companies are complementary in some ways, they also have redundancies. LTV has promised that the merger savings will lead...
...half years ago, Beatty began building a mansion near his pal Jack Nicholson's spread on Mulholland Drive; there isn't a soul in Hollywood who believes that Beatty will ever move into it. "There's no anchor in Warren's life," observes one friend. "Warren is always on the go," says Arthur Penn. "He travels light and takes one small suitcase from coast to coast. I guess you'd call him a very rich migrant worker." Last week Beatty arrived in New York to organize the advance screenings of Heaven Can Wait and harass the Paramount sales force with...