Word: scheming
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...lending scheme that apparently took place on a branch manager's home computer in Georgia has grown into Italy's biggest banking scandal in years. Last week the disgrace claimed the two top officers of Italy's largest bank, the state-owned Banca Nazionale del Lavoro. Chairman Nerio Nesi, 64, and Director General Giacomo Pedde, 62, resigned after the bank's board heard the results of an initial probe into a scam in which the bank's Atlanta branch gave $2.6 billion worth of unauthorized export credits to Iraq to buy machinery and agricultural goods...
...branch manager, Christopher Drogoul, apparently issued the credits and kept the records at home. Drogoul, whose possible motives are still being investigated, has been dismissed. The Italian bank contends that it will suffer no losses from the scheme because the credits were guaranteed by U.S. and Iraqi agencies, but banking experts believe debt-laden Iraq may be hard pressed to make good if the deals go sour...
...suspects on a most-wanted list of twelve supplied to the Bogota government. The biggest catch: Eduardo Martinez Romero, believed to be a financial adviser to the Medellin cartel. He is one of several people indicted in the U.S. for involvement in an alleged $1.2 billion money-laundering scheme, in which drug money was passed off as the supposed profits of jewelry and gold-trading businesses. Martinez is described as only a middle-size fish, but he could turn out to be highly important. If he is extradited and decides to talk in return for a light sentence, he might...
Unlike Chamberlain, Churchill was determined to go on the attack and persuaded his Cabinet colleagues to stage a spectacular landing in northern Norway. His original scheme was to intervene in the Russo-Finnish war, which Stalin had launched on Nov. 30, 1939. Finland's well-trained and determined army of 300,000 had fought the Red Army to a standstill. Churchill's plan was to land a British expeditionary force at the northern Norwegian port of Narvik, cut across to the Swedish iron mines at Gallivare (which provided Hitler with almost 50% of the iron he needed...
Only two months after Northwest Airlines rebuffed his $2.6 billion bid, Davis has bounced back with an even grander scheme. Last week he offered to pay $5.4 billion, or $240 a share, for UAL, the parent company of United Airlines, the second largest U.S. carrier. UAL's board said it would consider the offer, and sent emissaries to meet with Davis' advisers. Meanwhile, UAL shares rocketed from 164 1/2 to 257 in just four days. Wall Streeters believe that the price could top $300 if other buyers...