Word: ringed
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Dates: during 1970-1979
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Most disappointing to Wall Street analysts was the performance of IBM, which has become expected to ring up big gains every quarter. This time its net income rose only 5.3% from the first quarter of 1976, in part because of price cutting. The report helped send the Dow Jones average of 30 industrial stocks down 8 points in one session. Steel was off; Republic, the industry's fourth largest producer, reported a $6.2 million loss for the period, caused largely by winter natural-gas shortages and transportation difficulties. Chemical company earnings were down, despite rising sales. Union Carbide...
King and ABC denied any favoritism, however, and cards were televised on four more weekends. Then the spotlight shifted to Ring, the most respected publication in boxing. Ring's rankings of fighters in every weight division have been boxing's heretofore unchallenged guidelines. ABC learned that the fighters' records listed in Ring were doctored to establish eligibility for booking in the King tournament. One boxer, Ike Fluellen, a Bellaire, Texas, policeman who had not fought in over a year, mysteriously found himself credited with wins in two phantom bouts held in Mexico. According to Fluellen...
...United States Boxing Championships, a tournament designed to establish an American champion in every weight division, was launched with much hoopla last January from a ring set up on the flight deck of the Navy carrier Lexington (TIME, Jan. 31). Behind the extravaganza were Superpromoter Don King, the orchestrator of Muhammad Ali's bouts in Zaïre and Manila; Roone Arledge and ABC Sports, the tourney's bankrollers and broadcasters; Ring magazine, the "Bible of Boxing," which rated the worthiness of the tournament boxers; and New York State Boxing Commissioner James Farley Jr., who lent the championships...
...mismatch for CBS's boxing series, both networks-wary of viewer confidence in the sport-suspended future bouts. ABC hopes to clean house and resume the telecasts, but Don King's tourney and the future of boxing on television may be down for the full count. And ring insiders fear that there may be further revelations, involving the sports press and others around King, before the tawdry saga is over...
...autographed photos of a younger Ted Hesburgh standing comfortably beside Popes and Presidents. His hair is less black now and his heavy jaw fuller, but he still has the handsome black-Irish looks of his mother. There is an inscribed silver plate from Jackie Kennedy and an emerald-studded ring from Pope Paul. He has become a virtual prince among priests. The sound of a Beethoven recording, a gift from the president of RCA, plays softly in the background...