Word: spins
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Dates: during 1980-1989
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Hanging over the bargaining is AT&T's impending breakup. To settle an antitrust suit, AT&T's local operating companies will spin off into seven independent regional units next Jan. 1. Because of uncertainty over how profitable each will be, both labor and management seemed anxious to strike the best deal they could before the divestiture occurs...
...accepting Greene's decision, AT&T has apparently ended the legal saga that began in 1974, when the Justice Department filed suit to break up the world's largest company (1982 assets: $148 billion). To settle that suit, AT&T agreed in January 1982 to spin off its operating companies, but since then Greene has called for many changes in the reorganization plan. For example, he ordered that the operating companies be allowed to use AT&T patents and to license them to any manufacturer of telephone equipment. This will mean that the operating units can line...
...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...
...cities-a new country waiting to be conquered. His five concerts at the Westbury Music Fair in Long Island, N.Y., which are nearly sold out, will be recorded for another album, and his Washington, D.C., appearances taped for an HBO special and a Paramount video cassette. These last two spin-offs should earn him $1 million...
...tennis is visiting its past again, spending a 97th fortnight at Wimbledon. Last week, on just one typical afternoon at the old club, eighth-seeded Vitas Gerulaitis lost, chucked his racquet into the stands and refused to talk to anybody. Fifteenth-seeded Hank Pfister, able to put more top spin on his racquet, bounced it off the spongy grass court 15 ft. into the sky, across a fence and into the audience. He also lost, owing to a warning for "racquet abuse," a point's deduction for "an audible obscenity" and a delay of game penalty that cost...