Word: splits
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Dates: during 1990-1999
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...Army split a pair with two New York ECAC teams. The Cadets shot down the Big Red of Cornell Friday, 4-1, but Colgate took care of Army on Saturday, 4-3. ECAC STANDINGS OVERALL ECAC Team w L T W L T Vermont 14 3 2 8 0 1 St. Lawrence 11 7 1 7 1 1 Harvard 8 9 1 7 5 1 Colgate 9 7 2 6 2 2 Clarkson 12 5 2 6 2 1 Cornell 7 6 3 5 2 3 Brown 4 7 5 3 5 4 Rensselaer...
...case the prosecutors have. The question is whether he paid them off willingly, or was forced to by the tax inspectors, who have a reputation for extorting payments. If he does not get convicted, he still will have a lot of political life left. Politically, the country is split in two, and he represents basically the right-of-center constituency that has a good chance to win the next election." Berlusconi and five others are charged with paying $237,000 in bribes to tax inspectors. Each defendant faces one to three years on prison...
Another criticism is that the layoffs are an attempt to impress Wall Street. In particular, some analysts suspect that the equipment-manufacturing business will take the heaviest hit--23,000 layoffs--because it is the only one of the three companies into which the parent is being split that will sell new stock, in addition to distributing shares to present AT&T stockholders. An initial public offering of as much as $3 billion, which might be the biggest ever, is planned for late March. Allen concedes that "there is some pressure from the ipo to get things right and look...
Like what? For one thing, AT&T will need a much smaller headquarters staff after the split-up than it did when it was coordinating a vastly larger company, a case of past downsizing prompting more downsizing. Also, changes in federal and state telecommunications laws are likely to touch off fierce new competition among Ma Bell and her children, the Baby Bells. The Baby Bells could invade AT&T's long-distance business; AT&T can counterattack by muscling into the Baby Bells' local markets and also by offering cellular services and, later, portable wireless phones. Analysts think both...
...said it would eliminate 40,000 jobs--13% of its work force--over the next three years. The move is part of the company's three-way split into communications services, telecommunications equipment and computers...