Word: panning
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Dates: during 1980-1989
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...Yorkers can expect even more on their plates if the plans of other European restaurateurs pan out. Alain Senderens, formerly of the three-star Archestrate and now of Lucas-Carton in Paris, expects to open on a midtown site. In addition to the fashionable Milan favorite Da Bice, other popular Italian restaurants, such as the posh El Toula chain and the sublime San Domenico in Imola, near Bologna, are seeking locations. Not all agree that New York is the only place to be. Michael Hutchings explains why he and the Roux brothers chose Santa Barbara. "This is a cosmopolitan town...
...flight attendant or checked a bag with the company. Yet Shannon, Ireland-based GPA, formerly known as Guinness Peat Aviation, owns one of the world's largest commercial passenger jet fleets. Instead of flying its planes, which will soon number 187, GPA leases them to some 25 airlines, including Pan American, Qantas and People Express. For cash-strapped carriers, renting a Boeing 737, even at $240,000 a month, is often more affordable than spending $28 million...
...Pan American Highway as it crosses Chile, the usual truck traffic was missing, and the few cars on the road had to dodge miguelitos, nail-studded objects intended to puncture tires. In the capital of Santiago and other cities, thousands of workers waited in vain for public buses and taxis that never came. Downtown shops in Santiago were closed, and there was such a dearth of traffic that some of the smog that envelops the city lifted, allowing peaks of the Andes to be seen to the east...
Because of cheap fares, red ink has flowed more widely across the skies than coffee, tea or milk. In the first quarter, United Airlines, the largest U.S. carrier, lost $103 million. TWA did even worse, dropping $170 million. Long-troubled Pan American, which sold off its Pacific routes to United for some $750 million last year, lost $118 million. Indeed, in the entire U.S., only three sizable airlines showed a first-quarter profit: Southwest, which squeezed $7.1 million into the black; American ($4.2 million); and Aloha ($1.8 million). Says Michael Derchin, an airline expert for the First Boston investment firm...
...over 16% of France's telephone network in return for helping a CGE subsidiary, Alcatel, market telephone equipment in the U.S. The French government, however, failed to approve that agreement, and could block the ITT deal. But if France consents to the sale, CGE will become a sort of pan-European counterweight to AT&T. Says one journalist from the French newspaper Le Figaro: "This could be our telephonic Airbus...