Word: signalized
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...often simple. Says Edward Hennessy, chairman of Allied Corp.: "It is cheaper to buy than to start from scratch." Following that logic, Hennessy acquired Bendix for more than $1.3 billion in 1982 in what has turned out to be a profitable purchase. Now he is paying $5 billion for Signal, whose aerospace and engineering lines complement Allied's products...
That deal also looks promising to Signal Chairman Forrest Shumway. Both he and Hennessy confidently predict that the merged company will become a much tougher competitor around the globe. "I think that when you're competing in the international market, size is a very important factor because some of the European and Asian combines are very, very large," says Shumway. "Mergers that you know couldn't have been approved several years ago are now being approved because I think the Government has realized that if you're going to compete with some of these foreign Goliaths, you can't have...
...first peaceful constitutional change of government in 25 years should have been a signal event in Bolivian politics. But the way in which the new President was selected cast a pall over last week's inauguration ceremonies for Víctor Paz Estenssoro, 77. Paz Estenssoro had narrowly lost the popular vote in the July 14 election to former President Hugo Banzer Suárez, 58. But because neither candidate drew more than 50% of the vote, the final choice was left to Congress. Although both men proposed similarly conservative programs, leftist legislators saw Paz Estenssoro as the lesser of two evils...
...Rose as a Cobb historian and utility Merlin. Having been a pallbearer for Babe Ruth, Hoyt was a certified carrier of legends. In retelling tales of Cobb, Rose animatedly acts them out, clapping the dirt off his thighs just so, snatching up particles of outfield grass in the pristine signal that Player-Manager Cobb had for a knockdown pitch...
...response to the visit to Manila two weeks ago of U.S. Senator Paul Laxalt. The Nevada Republican, who is a close friend of President Reagan's, met with Marcos to relay Washington's concerns about the growing Communist insurgency in the country. "There appears to be a go signal from Washington to Marcos to tighten the screws on protesters," said Homobono Adaza, an opposition member of the Filipino National Assembly. At midweek Marcos warned that the police will take tougher measures against street protesters. The demonstrations against his rule, he told a group of visiting U.S. war veterans, were inspired...