Word: spin-off
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...deception by the two men showed how vulnerable the financial system is to artful chicanery. Drysdale Government Securities, officially started in February 1982, was a spin-off of Drysdale Securities, a 92-year-old Wall Street brokerage house. It was created solely to deal in such U.S. Government securities as bonds, notes and bills, currently a $1 trillion market. Using only 20 or 30 traders who operated out of a fifth-floor room above a Wall Street-area clothing shop, Drysdale quickly managed to amass a $4 billion-plus portfolio of borrowed U.S. Treasury securities...
...ongoing labor negotiations, in which its nearly 30,000 employees are being asked to take about a 15% pay cut. Without the profits from other Trans World subsidiaries, TWA's management and the unions will be under much stronger pressure to reduce costs. TWA hopes the spin-off will help it avoid following Braniff International and Continental Air Lines into bankruptcy...
...allowed to reach out and touch everybody for an additional $2 a month for a residential line, rising to $3 in 1985 and $4 in 1986. The increases come on top of other new charges sought by local phone companies as a consequence of their upcoming January 1 spin-off from American Telephone & Telegraph. Result: the basic charge for phone service, now about $10 a month across the U.S., will probably double in the next three years...
...spin-off should make it easier for each company to satisfy its own considerable capital needs. Said Munro: "At the moment, we inevitably have a continuing tug-of-war between widely different needs that have to be evaluated from distinctly different perspectives...
...good. Is that enough? Does beauty stop at the skin line? For this kind of woman, it does. She will be sitting alone, in an empty room, with her perfect body." Calvin Trillin, The New Yorker journalist and humorist, wonders whether this new ideal woman is only a media spin-off from the popularity of Jane Fonda and her bestselling Workout Book (see box page 75). "For the public good," Trillin says, "the more people who can lift the end of a car off the ground in case of trouble, the better. But I'm not sure...