Word: pans
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...industry, Lorenzo has become famous for quixotic attacks on the giants. Two years ago, he began quietly buying up National Airlines stock. When Texas International had acquired 9.2% of the outstanding shares, he offered to buy the airline. National-almost three times bigger than Texas International-was horrified. Pan American World Airways eventually outbid Lorenzo with a $300 million offer, thereby allowing Texas International to sell its National shares for a $47 million pretax profit. Last year Lorenzo went after Trans World Airlines. Over breakfast at New York City's Carlyle Hotel, he told TWA Chairman L. Edwin Smart...
...gold rush is even attracting miners with pick and pan. Some 654 small mining claims were filed in California last month, and as many as 100,000 part-time prospectors now sift through the gravel beds of streams and rivers looking for nuggets that the Forty-Niners left behind. Big companies are having luck but individual miners say that pickings are slim...
Current office building owners are willing sellers. They are anxious to pull their profits out of the long-depressed, but now booming, downtown real estate market in order to direct corporate cash to other projects. Pan Am, for example, wants to retire some of the $1.1 billion in long-term debt that it has built up to pay for new fuel-efficient jets. Pan Am was also looking for cash because in the first half of the year it sustained an operating loss of $108.5 million. Pan Am Chairman William Seawell doubts that the company will taxi up to profits...
...price of $325 million. Among them: Metropolitan Life, the Trump Organization, a Manhattan developer, and Olympia & COLBURN & York, a, Toronto leal estate firm. The hopeful buyers or their emissaries all hand-carried their offers to the offices of Landauer Associates, which just happened to be conveniently located in the Pan Am Building...
...part of its winning bid, Met Life agreed to let Pan Am keep its imprint on the building. The airline's name will continue to be on the face of the structure, and Pan Am will lease the 15% of the building that it presently occupies at about 30% below the current rate for prime New York office space. Says Losing Bidder Donald Trump: "The deal was extremely generous to Pan Am, but after ten or 15 years, it will probably turn out to be a good deal for Metropolitan." The insurance company is already happy with its proud...