Word: sec
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Dates: during 1980-1989
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...come to a stop. His body is hard, like mahogany, but carved in unusually clear detail, including ropelike muscular definition. He is full-faced, rather babyfaced, but otherwise trim: 6 ft. 2 in., 173 Ibs. As a 100-meter sprinter, Lewis has registered the third-fastest time ever, 9.97 sec. In the 200 he is the second-fastest man in history and gaining. He holds the long-jump record indoors. Among the ten best jumps outdoors, nine are his. And he is far from finished. "There are going to be some absolutely unheard of things coming from me," he says...
Ford is also promoting performance. It jammed a mammoth V-8 engine into its compact Mustang and produced a car with neck-snapping acceleration: 0 to 60 m.p.h. in 7.2 sec. The luxurious Continental Mark VII LSC has been redesigned for better handling. It has a new slippery shape and a suspension system that uses air-filled rubber sacks instead of steel shock absorbers. Another manufacturer that has been especially successful with cars designed for demanding drivers is Pontiac. In addition to the Fiero, it has won over customers with its 6000 STE, a mid-size model aimed at wooing...
Discovery's engine No. 3 had already helped power three shuttle missions, and its age was showing. About 6 sec. before blastoff, a heated mixture of liquid hydrogen and liquid oxygen was supposed to be pumped forcefully through the engine's main fuel line into a central combustion chamber, where it would ignite. But the 10 ¼ in. long, 74-lb. fuel valve faltered a fraction of a second in opening, prompting the central computer system to abort the entire mission. Of the three main engines, only No. 2 had been fully ignited. During its 1.7 sec. ignition...
...greenmailing of Walt Disney was successful, but it may change the whole greenmail game. The New York Stock Exchange and the Los Angeles office of the Securities and Exchange Commission are looking into possible insider trading of Disney stock. The SEC had already pro posed legislation that would require stockholder approval of stock buy-back plans, and the Disney debacle is sure to win it support. Moreover, Democratic Congressman Timothy Wirth of Colorado has conducted hearings that may lead to a legislative crackdown on questionable takeover tactics...
Another key target of the SEC recommendations is the practice known as "greenmail." This involves buying up sufficient shares in a company to pose a takeover threat or proxy challenge. In order to head off the move, many companies are willing to buy back the purchased shares at a premium price. Greenmail practitioners include New York Financier Carl Icahn, 48, whose group pocketed $30 million when he sold his stock in Marshall Field to England's B.A.T. Industries, and Publisher Rupert Murdoch, 53, who made $40 million when Warner Communications bought back his shares at 35% more than...