Word: stillnesses
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Dates: during 1970-1979
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Many European and U.S. bankers have been at odds since mid-November. It was then that Chase Manhattan and six other large U.S. banks in an eleven-member syndicate used their voting majority to declare a $500 million loan to Iran in default. That raised fears of still further defaults and sparked the rush to seize Iranian assets as compensation...
Though some of its oil competitors criticized Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged instances of overpricing oil and natural gas. This time Getty appears ready to go to court because executives are convinced they can prove to a judge that DOE is engaged in retroactive rule making...
...Still, several factors tipped the balance in Boeing's favor. For TWA, Boeing increased the 767's seating capacity from 198 passengers to 203, the same as the Airbus; agreed to speed up delivery schedules; gave generous financial terms and new guarantees on fuel economy, performance and maintenance requirements. Says a senior TWA executive: "This was hardball playing all the way, and Boeing's offer simply got better and better. They were determined not to let this one get away...
...shorter European distances. Except for the planes that it sold to Eastern two years ago, Airbus has yet to crack the U.S. or Canadian market. The battleground is spreading to the Middle East and North Africa, but with an astonishing backlog of almost $20 billion in orders, Boeing is still way ahead...
...future. He is a world-class sailor and plays a folk guitar. At 34, he became president of Sweden's largest insurance company. At 36, he rose to president of Scandinavia's biggest industrial combine, Volvo. Now, at 44, age is beginning to show, but he still is boyishly trim in his blue blazers or weekend jeans. In sum, Pehr Gyllenhammar...