Word: signalized
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Sanko's troubles began in 1973 when the Arab oil embargo dealt a severe blow to the world shipping industry by reducing the demand for tankers. Instead of taking that as a warning signal, Sanko continued to expand its fleet, despite growing competition from companies based in other Asian countries. By 1983 an oversupply of tankers had swamped the industry, and Sanko slipped into the red. While in bankruptcy proceedings, Sanko will try to stay afloat by scuttling some of its 264-ship fleet. ENERGY Slippery Job for Lloyd...
...billion-dollar mergers and acquisitions become a commonplace in today's corporate world, many executives are finding that making spinoff deals may be easier than managing behemoth-size businesses. Last week Allied-Signal, the product of a $5 billion merger made just seven months ago, announced that it would be divesting itself of some 30 divisions, whose sales total $3 billion. The slimmed-down company plans to focus on its aerospace, automotive and chemicals groups. As part of the restructuring, Allied-Signal plans to eliminate 3,000 jobs and take other cost-cutting measures that should generate savings of about...
...trainers who suddenly can be found in every major U.S. city where there is money and fat to burn. Trainers are to the narcissistic '80s what private fencing masters and dancing teachers were to an earlier time. These status symbols in sweat socks, always perfectly fit, fit perfectly. They signal affluence (private hour-long sessions at a studio or client's home run $50 to $150) without suggesting decadence. Los Angeles, a city that has always been littered with beautiful bodies, naturally boasts a megadose of tony body toners, 200 of them by one practitioner's estimate. Fitness consultants have...
Working in the wee hours, small bands of radical activists and students had used wire snippers to sever coaxial and optical cables for signal, communication and computer systems at 24 locations in Tokyo, Osaka and five other cities. Using canisters of kerosene attached to crude timing devices, they also blew up or burned down cable connections. Thus, when railway officials tried to start the first trains of the day at 5 a.m., they found to their horror that neither signal lights nor rail switches were operating on 22 commuter lines. As a result, the system in Tokyo and Osaka remained...
Reagan plans to campaign and raise funds for vulnerable Republican candidates. Yet the President will probably be taking to the stump with mixed feelings. Whatever the outcome of the midterm race, it will mark the last election of his tenure and signal the real beginning of the presidential race to succeed him. With wide-open nomination battles all but certain in both major parties, the end of 1986 will usher in a two-year political hullabaloo that will increasingly drown out more measured discussions of how to handle the deficit, taxes and the critical challenges of the nuclear...