Word: staked
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Dates: during 1980-1989
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...immediately attributed the Soviet leader's absence to a possible kidney ailment and other recurring health problems. Soviet sources, however, encouraged the view that Andropov was administering a diplomatic snub to Kohl. After the eight-year decline and eventual death of Leonid Brezhnev, the Soviets clearly had a stake in demonstrating that the capacity of the nation's leadership was not again in question because of the failing health of their supreme leader. The West Germans, for their part, chose to believe that no rebuff was intended. Still, as one Bonn official remarked, "In Moscow, you never...
Cigarette companies are introducing new brands aimed specifically at upper-scale consumers interested in quality. But Reynolds' Johnston points out that the new brands are high-stake gambles, since it now costs $80 million to launch a totally new cigarette. Only six new brands have captured .5% of the market in the past decade. Those were More, Now, Merit, Barclay and Golden Lights...
...because of his failure to win Boyd's approval. This year Boyd's only opposition was a shareholder who circled the chairman's age in the proxy and wrote: "This is absurd." Boyd, who, with his wife Helen, is the second largest shareholder, with a 16.4% stake, won re-election with 84% of the voting stock. On Oct. 25, American business is due to get the first known centenarian chairman of the board...
...sales network. The company has begun offering discount prices and introducing new products at an accelerated rate. Last December IBM spent $250 million to acquire 12% of Intel, a leading computer-chip maker based in Santa Clara, Calif. In June IBM paid $228 million for a 15% stake in Rolm, also of Santa Clara, a major producer of telecommunications equipment. IBM plans to use Rolm to help create the so-called electronic office. Says Ulric Weil, a top computer analyst for Morgan Stanley & Co.: "We're watching a total transformation of the corporation...
...case was atypical, incidental to the major legal issues at stake and, for some time now, moot to him personally. But San Francisco stereo Salesman Jagdish Rai Chadha, 38, provided the unlikely focal point for last week's Supreme Court decision banishing the legislative veto and altering the balance of power in the U.S. Government. Said a stunned Chadha, after hearing the news in a 7 a.m. phone call from his victorious Washington lawyer: "It's kind of overwhelming...