Word: sales
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Dates: during 1980-1989
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...woman was just completing a heroin sale in Seattle when from around the corner whooshed a couple of cops mounted on bicycles. They quickly arrested the suspected drug dealer, called for a patrol car and had her hauled off to jail. In the woman's purse was a letter from a friend warning her to keep an eye peeled for cops on bikes...
...reserves against an uncertain future by paring back their defense ventures. Minneapolis-based Honeywell, the leading supplier of lightweight torpedoes to the U.S. Navy, has sold three military electronics and communications subsidiaries since last August, and is seeking to shed a fourth. In what has become a military garage sale, bargains aplenty can be found. David Smith, a senior vice president at the Raymond James & Associates brokerage in St. Petersburg, estimates that the rush to bail out of the defense business has depressed the value of such firms as much as 25% since last October...
...vote of 4 to 1, the city council passed an ordinance prohibiting the manufacture, sale and use of virtually all ozone-depleting chemicals. Banned are plastic food packagings made with CFCs, certain types of building insulation and some solvents widely used for cleaning printed circuit boards in personal computers. Most consumer spray-can products are permitted; the majority of these are no longer propelled with CFCs. Refrigerators and automobile air conditioners are excluded, since no readily available substitute exists for the hazardous compounds they...
...Delaware court rulings have created a more cordial climate for such deals. Before Time and Warner were allowed to consolidate, many companies feared that an agreement to merge would be tantamount to putting themselves up for sale. But the Delaware courts affirmed the right of corporate directors to pursue long-term strategies. Says Harvard law professor Reinier Kraakman of the new precedent: "This gives managers who are planning a friendly acquisition or a merger of equals a chance to go forward without losing out to a hostile acquirer...
George Bush returned from his first presidential trip to Eastern Europe last week eager to bring a little glasnost of his own to East-West relations. In that spirit, the Commerce Department announced a decision that cleared the way for the sale of a broad range of desktop computers to the Soviet Union and its allies. Under the plan, such companies as IBM and Apple Computer will be able to export machines ten times as powerful as older units that may now be shipped without special approval. But the sale of top-of-the-line models, notably the Macintosh...