Word: patching
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...cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss so far on his ill-timed oil-patch foray: some $100 million...
...first, it sounded eerily like those stories about the Bermuda Triangle, that mysterious patch of water and air off the southeastern U.S. where planes and ships inexplicably disappear, never to be seen again. South African Airways Flight 295, bound for Johannesburg from Taipei, was ten minutes away from its scheduled landing on the Indian Ocean island of Mauritius for refueling when the pilot radioed the control tower saying there was smoke in the cabin. The Boeing 747 was immediately cleared for an emergency instrument landing. Said Servan Sing, an air-traffic controller on Mauritius: "After that, we had no contact...
After four intensive weeks, the talks ended last Friday with a fizzle. Yes, the conferees managed to patch together a shaky agreement, one that purports to reduce the deficit by $30 billion next year and $46 billion more the year after. But as the President and congressional leaders announced the plan, a strange air of anticlimax pervaded the White House briefing room. "This agreement is probably not the best deal that could be made," said Reagan, "but it is a good, solid beginning." House Speaker Jim Wright struck a conciliatory note: "Everybody gives some, nobody gets everything he wants." Later...
...patch of ice under the Anderson bridge," said Ted Marple, a rower on the Harvard first heavyweight boat. "I thought we had run aground. We plowed through it, but it slowed us down...
...race to beat the morning rush hour, a bus filled with at least 70 workers and schoolchildren, some as young as twelve, was speeding toward Mexico City along the Tlahuac-Chalco highway. Suddenly the driver lost control in a dense patch of fog. The bus lurched off the shoulder, flipped over and plunged into a muddy, 9-ft.-deep corner of Lake Xico, a sewage-fouled lagoon. Rescue workers freed nine survivors (one later died) and recovered 39 bodies within a few hours. About 20 passengers escaped, but another 20 or so were presumed dead inside...