Word: perm
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...Perm coasted in the third quarter, rolling up the score with a 45-yard Dave Shulman field goal and a nine-yard touchdown pass by QB John McGeehan. Darmouth made it somewhat respectable with two long scoring passes...
...architect of the plan to diversify the family wealth is Rockefeller Center President Richard Voell, 49, former chief operating officer of the revived Perm Central Corp. Voell, who has been on the job little more than a year, has targeted communications, financial services and entertainment as areas for expansion. But moving into new fields has not been easy. One investment has already flopped. Earlier this year, the company shut down a pay-cable TV service, the Entertainment Channel, which it co-owned with RCA Corp., after the operation ran up losses of $50 million. Now that it has been proved...
...creditors, other companies manage to survive a formal declaration of bankruptcy. As a result of changes in the American bankruptcy law four years ago, such firms can now more easily reorganize their operations and try to become profitable again while they make partial payments on their debts. Perm Central Corp. has been able to emerge as a strong manufacturer and real estate operator after shedding the railroad operations that propelled it into bankruptcy court in 1970. Last week Joe B. Freeman Jr., chairman of AM International Inc., the Chicago-based business-equipment firm that filed for bankruptcy protection in April...
...further by opening a string of franchised salons to be called Hair Mechanico. He proudly proclaims that the new shops will resemble car washes. Says he: "People can have their hair Simonized [have it washed] and remove the rust [get it cut] and have their coils adjusted [have a perm]. They'll pay only for labor and parts." The salons are scheduled to open during the next four months in posh parts of Los Angeles, including Beverly Hills...
Last month the blue-chip banking fraternity received another blow when Perm Square Bank, a small and poorly managed Oklahoma City lender, folded after having invested heavily in risky oil and gas ventures. Penn Square's lending had been supported by, among others, Continental Illinois, the sixth largest commercial bank, Chase Manhattan and Seafirst Corp. of Seattle...