Word: pacts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...playing field for the international investor is not always a level one. Last week Britain and the U.S. took a major step toward smoothing the surface. The two countries proposed a uniform set of rules to govern banks' capital reserves. Federal Reserve Board Chairman Paul Volcker called the pact a "breakthrough...
...decades as a leading OPEC strategist. With that, the Saudis abandoned their price-war tactics. When OPEC met in December, twelve of its 13 members, with Iraq dissenting, decided to cut production and sell their various grades of oil at fixed prices averaging $18 per bbl. While the pact boosted market prices to near that level, the group may have trouble keeping them there. In the past, at least, its members have tended to cheat on such agreements and undermine their effectiveness...
...cease-fire between Philippine government forces and Communist rebels began last week amid prayer services, pealing church bells and jubilant marches. It almost did not come off: last-minute objections by both sides over the pact's provisions drew warnings from National Democratic Front Negotiator Satur Ocampo that the cease-fire was "in jeopardy." How long it will last is another matter. The day after peace supposedly broke out, rebels paraded through a small village brandishing automatic weapons...
Japan's economic troubles threaten a precious social contract: lifetime employment. In return for loyalty to their employer, Japanese workers have come to expect that they will never be fired. (In fact, that unwritten pact has applied mainly to employees of large companies rather than those of small businesses). As layoffs become commonplace, the promise is becoming an illusion, and Japan's unemployment rate has climbed to almost 2.9%. While that is low by U.S. or West European standards, for Japan it represents a level not seen since statistics began to be compiled...