Word: settlements
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Dates: during 1980-1989
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Cerezo in recent months has also become a prime mover in Central American efforts to find a negotiated settlement to the war in Nicaragua. Two days before De la Madrid arrived, President Jose Napoleon Duarte of El Salvador slipped unannounced into Santo Tomas, some 30 miles south of the capital, where Cerezo has a country retreat. The Duarte visit, which no doubt included discussion of the region's problems, was part of Cerezo's intricate diplomatic skein. Last month Cerezo met with President Daniel Ortega Saavedra in Nicaragua. The Sandinista leader reiterated his refusal to negotiate with the U.S.-backed...
Texaco left itself an escape hatch. Officials said that if a settlement was reached soon or a large reduction of the bond granted, then the company could withdraw or suspend the bankruptcy filing. In other words, Texaco could be using its bankruptcy as the ultimate pressure tactic against Pennzoil. Liedtke flew to New York City on Sunday...
Texaco made that dismal choice only after frantic, repeated efforts to reach a settlement with Pennzoil produced no results. Within hours following the Supreme Court's ruling, Texaco Chairman Alfred DeCrane, 55, and Chief Executive James Kinnear, 59, flew with a battery of lawyers from White Plains to Pennzoil's home city of Houston. But Pennzoil's combative chairman, J. Hugh Liedtke, 65, who has stayed on past retirement age to fight the case, steadfastly refused at least ten settlement offers from Texaco. At the start of the talks, Texaco apparently had a figure of $500 million in mind...
...Washington, officials saw more than revenge at work in the bombing of Pakistan. The State Department charged Moscow with pressuring Pakistan to stop aiding the rebels and agree to a political settlement in Afghanistan that would leave a Communist-backed regime in Kabul. When the latest session of the U.N.-sponsored peace talks between Afghanistan and Pakistan recessed on March 10, there was cause for optimism. The gap between Islamabad and Kabul over a timetable for withdrawal of the 115,000 Soviet troops from Afghanistan had narrowed from 45 months to a difference of just eleven months. Last week, however...
...Japanese government could respond to the sanctions in kind with counter-retaliatory steps that would close its markets even more to U.S. goods and services. But most Japanese manufacturers, while indignant about the U.S. offensive, hope the two governments will come to a negotiated settlement before hostilities escalate. Said a Sony spokesman: "We don't expect that they will let things go to an outrageous extent...