Word: recoup
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...were not over. In 1981 the company's own inspectors discovered that workers had neglected to make critical welds in several submarines and covered up the errors with faked welding reports. The fiasco forced Electric Boat to reinspect all the welds and make repairs costing about $100 million. To recoup its loss, General Dynamics decided to turn to, yes, the Pentagon. The company argued that the Navy was liable for paying the repair bill under an obscure but standard clause in the submarine contract that called for the Government to act as an insurance underwriter in cases of worker negligence...
...Times vs. Sullivan. The dispute involved a political advertisement, critical of Alabama law enforcement and containing inconsequential errors of fact, that appeared in the Times during the black struggle for civil rights. Several officials, who were mentioned in the ad by function although not by name, sued, ostensibly to recoup their reputations. In fact, the Times' daily circulation in Alabama was then some 400 copies, out of a total circulation of 650,000, and the suits were clearly intended to discourage the national news media from covering the turmoil in the South. In a unanimous 1964 ruling, the Supreme Court...
...retirees that far exceed contributions the retirees made during their working years. An individual who goes on Social Security this year has put about $50,124 into the system during his lifetime. If he gets the average 1985 payment of $594 a month, it will take seven years to recoup that. The debate between the generations in America will certainly continue...
...N.Y.S.E.'s largest loser of 1984 was Colorado's Storage Technology, a computer-equipment manufacturer, which filed for Chapter 11 bankruptcy in October. Investors also became discouraged with Western Union when it failed to recoup quickly its investment in new services like electronic mail. Hesston, a Kansas-based farm-equipment maker whose stock was among the best performers in 1983, suffered last year from depressed sales. Cincinnati's Omnicare, a hospital supplier, fell into disfavor after an accounting adjustment cut its profits. Williams Electronics of Chicago was zapped by declining interest in its coin-operated video games...
...recoup profits, some California vintners are stepping up production of premium wines that cost at least $7 a bottle. At the same time, they are trying to broaden their market to reach the estimated 130 million U.S. adults who do not drink wine. Last week the winemakers could at least take consolation from the misfortunes of one of their rivals. A plague of rain and clouds afflicted growers in France as they neared harvest time, portending an undistinguished crop...