Word: norfolks
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While corporations have forged all sorts of improbable unions, none in recent years have tried to merge a railroad with an airline. Norfolk Southern, an East Coast railroad-holding company, may venture such a match. The company disclosed that it is considering acquiring Piedmont, the profitable North Carolina-based airline. Since 1981 Norfolk has owned more than 19% of Piedmont stock. It agreed five years ago not to buy more than 20.5% of the airline's shares, but that pact expired last week...
...Eastern violations became so numerous because each flight with a claimed maintenance problem counts separately. One Eastern plane flew five years before the airline repaired a landing-gear-assembly link that had been the subject of an FAA warning. Only when the gear failed on a landing at Norfolk, Va., was a fix made. FAA also cited Eastern for placing tape over a 4-in. crack in the leading edge of a horizontal stabilizer and making 156 flights in that condition. Most of the violations, however, appear to have involved the failure to document procedures that differed from standard practice...
...Miller's River Apartments, 15 Lambert St., Community Room, 663 Cambridge St. entry 1 3 Truman Apartments, 25 Eighth St., Community Room, Thorndike St. entry 1 4 Harrington School, Cambridge St. 1 5 Harrington School, Willow St. 2 1 St. Mary's Lower Church, Harvard and Norfolk Sts. 2 2 Fletcher School, 89 Elm St. (East) 2 3 Roberts School, Broadway and Windsor Sts. 2 4 Health Center, 105 Windsor St. 2 5 Fire House, Lafayette Square, (Mass Ave and Main St.) 3 1 Baptist Church, Hampshire and Norfolk Sts. 3 2 Fire House, Inman Square 3 3 City Hall...
...Norfolk Southern, the nation's fourth largest railway, conceded defeat last week in its 18-month-long bid to buy Conrail, the now profitable Government- owned rail system. Early last year Transportation Secretary Elizabeth Dole had selected Norfolk Southern as the best qualified of 15 bidders to buy Conrail's freight-hauling business for $1.2 billion. Last February the Senate approved, and the much bruited merger seemed to be on track...
Then came trouble. Critics in the House of Representatives argued vociferously that the price for Conrail was too low and that a public offering of Conrail stock would reap much more than the private railroad was prepared to offer. Norfolk's concession puts Conrail back on the siding...