Word: quarterly
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Dates: during 1980-1989
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Industry experts predict that Northrop's earnings could dip by 50% this quarter as the company absorbs the costs of closing down the F-20 project. Disappointed but undaunted, Northrop officials maintained that the F-20 experience would help the firm win a contract to build a more advanced jet fighter, for which the Air Force has made a preliminary $691 million commitment...
When the final gavel thumped down at the auction up at John Connally's 7,300- acre spread near Floresville, Texas, last Saturday, 126 of his prized Thoroughbreds and quarter horses had been sold off for nearly $400,000. Two of the latter were the progeny of a proud champion, Dash for Cash. The . stallion's name was apt, for the auction came at a time when Connally himself is making a run for money. Numerous creditors are pursuing the former Texas Governor and U.S. Treasury Secretary for millions in unpaid loans on a host of flailing ventures. Connally...
...about everything that Connally and Barnes touched turned bad. Their $14 million, 14-story office building in Houston, 80% vacant, was foreclosed on and sold at auction. A swanky housing development, Triple Crown condominiums in Ruidoso Downs, N. Mex., is the target of a foreclosure suit. More than a quarter of the 212 lots in Austin's plush estates of Barton Creek sit unsold. A creditor has sued to foreclose on four shopping centers; a fifth has already been lost...
...Britain's Group Lotus, the maker of rakish sports cars, this year. But as cars and auto factories become more electronic, GM's space-age alliances could help the company pass its competition. Indeed, none of GM's rivals have taken the giant's poor third-quarter performance as a cue to throttle back. "It's a fluke," says Chrysler Chairman Lee Iacocca. "I know GM, and I'm sure they'll straighten it out as quickly as they know...
...with marshmallows and Mary Bobo's carrot casserole, a concoction made with Ritz crackers and melted cheese. It should be noted that the Sterns and Fussell give quite different recipes for New Orleans red beans and rice, yet both are credited to Buster Holmes, operator of the famous French Quarter greasy spoon. Quite possibly the old master cook never makes that dish the same way twice, which is why there probably cannot be, as the Sterns suggest, a last word on the subject...