Word: repay
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...RADCLIFFE Union of Students (RUS) should be applauded for its recent creation of an emergency medical fund for Radcliffe students, to be used mainly for abortion and delivery. But the RUS fund is extremely small, and students will have to repay loans...
...warrants to buy Lockheed preferred stock. Lockheed wants them to convert even more loans into stock or warrants-but is wary of issuing too many new shares that would dilute the equity of stockholders. A compromise is likely by summer: the banks would lose heavily if the inability to repay loans pushed Lockheed into bankruptcy, and Lockheed so badly needs to reduce its debt that it will probably settle for whatever terms...
...important consequences for the economies of California and Georgia, where Lockheed is a major employer, and the national defense, since Lockheed is the nation's No. 1 defense contractor. The giant company (estimated 1975 sales: $3.25 billion) was saved from bankruptcy in 1971 by the Government's guarantee to repay $250 million in private bank loans. But the General Accounting Office, which conducts audits for Congress, has expressed doubt that Lockheed can repay the loans on schedule by 1978?and the Government is unlikely to extend the guarantee. Burns, who serves on a Government board that oversees the loans (Simon...
...reason for the GAO's doubt that Lockheed can repay its loans on time is that civilian sales of the TriStar are lagging because of the recession: the company did not book a single order last year. Another reason is that Lockheed is counting heavily on continued large foreign sales of military equipment?and the publicity about its bribery can only hurt. The Japanese Government last week dropped tentative plans to buy $650 million worth of Lockheed's long-range, low-altitude P-3C Orion planes, which are capable of detecting and destroying submarines. Indeed, the Japanese are having second...
...Agriculture Secretary Butz to the railroad's private resort near Charleston, S.C.-even though the Agriculture Department has filed petitions with the Interstate Commerce Commission protesting rate increases by Southern on farm products. Butz told the Associated Press that he had done nothing wrong, said he would repay part of the cost himself and defiantly added that, if asked, he would visit the resort again next Christmas...