Word: suspending
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Texaco left itself an escape hatch. Officials said that if a settlement was reached soon or a large reduction of the bond granted, then the company could withdraw or suspend the bankruptcy filing. In other words, Texaco could be using its bankruptcy as the ultimate pressure tactic against Pennzoil. Liedtke flew to New York City on Sunday...
...this time these expenses have remained relatively stable. Says Nicholas Sargen, an economist at Salomon Brothers: "We were scratching our heads over why they did it." The timing of the Brazilian loan action was equally puzzling. Since Feb. 20, when Brazilian President Jose Sarney declared his country would suspend interest payments on $68 billion of its foreign debt, observers wondered whether banks would have to reclassify their Brazilian loans. But since federal regulations do not require such a step until interest payments are 90 days past due -- in this case no earlier than May 21 -- it was generally assumed that...
...even though the grand jury cleared the men of the women's accusations, Cornell may still expel or suspend them after it completes its ongoing investigation of whether the students violated the school's code of conduct, university officials said...
After learning of Sella's promotion, the Administration canceled a joint American-Israeli air-force training course and put Tel Nof off limits to U.S. officers and other officials. In addition, the Administration threatened to suspend its policy of military cooperation with the Israeli air force unless Sella's appointment was rescinded. Last week a federal grand jury in Washington issued an indictment against Sella...
...Board has only been overruled by the whole faculty once, in the winter of 1968. The Ad Board, by a narrow vote of 8-7, had required five students to withdraw for staging a sit-in at a faculty meeting where ROTC was being discussed. The faculty voted to suspend the sentence. One administrator explained at the time, "The action proposed by the Board was more severe than the faculty wanted...