Word: reapings
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...bond owners (estimated holdings: $200 million) led by New York City Investor Martin Whitman is proposing to spin off Public Service's share in Seabrook into a separate company, thus leaving the utility less encumbered by debt. Losing Seabrook, however, is anathema to the utility, which still hopes to reap the hefty return that an operating nuclear plant can deliver. Public Service's Harrison proposes to restructure the debt, slash the utility's costs and raise electric rates by 15%. Rather than adopt the dissident plan as it stands now, Harrison claims, he would accept bankruptcy. Under court protection...
...crisis forced manufacturers to change tactics. To reap the benefits of lower wages along the Pacific Rim, many Japanese firms built new factories offshore. Matsushita, the world's largest consumer electronics manufacturer, makes motors in Malaysia, batteries in Indonesia and facsimile machines in Singapore. Sony plans to move one-third of its production out of Japan...
Officials in the nation's capital have also noticed the potential benefits a genome map could reap, and are currently debating whether to fund a full-scale sequencing effort. Sen. Peter Domenici (D.N.M.) has introduced a bill that would establish a national gene mapping "initiative" and the Department of Energy has designated three national laboratories to conduct work on the project. The National Institutes of Health (NIH), the federal agency which funds most biomedical research in the nation, also plans to send more resources to a genome mapping effort...
...Overwrought Press Conference. With a rambling and disjointed opening statement, Biden failed to reap the benefits of public confession, even though he called himself "stupid" and his actions "a mistake." Part of the problem is that he contradicted himself by also insisting that it was "ludicrous" to attribute every political idea...
...Pickens would succeed if he tried, since a hostile takeover could cost as much as $13 billion. Some investment pros believe Pickens aims to encourage a takeover bid by a large corporation like cash-rich Ford, which might be seeking high-tech acquisitions. As a major stockholder, Pickens could reap a fortune from any such merger. Alternatively, Pickens' strategy may be to force Boeing management to enhance its share price by launching a stock buy-back...