Word: swaps
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...lined up ten deep at its ticket counters to grab "introductory" fares of $49 to fly anywhere nonstop on the airline's domestic system. At Terminal C of Houston's Intercontinental Airport, Bonnie Hash, 22, stood at the end of a line of 53 people, waiting to swap the return portion of a $425 round-trip ticket to Seattle for a $49 one. "It's inconvenient," said she, "but it's worth the wait." It is still not sure, though, that the flying public will stick with an airline surrounded by so much uncertainty...
...industry's biggest companies have decided that the only way to survive the slide is to get together and streamline their operations. Through a swap of stocks valued at $770 million, Republic Steel of Cleveland, the fourth largest U.S. producer, intends to merge with Pittsburgh's Jones & Laughlin, which ranks third in the industry and is a subsidiary of LTV Corp., a Dallas-based corporation that also manufactures aircraft parts and rockets for the military. Together, Republic and Jones & Laughlin control 15.9% of the steel market, and the combined company, to be called LTV Steel, will stand second...
Americans with modems swap gossip, recipes, even on-line...
...first, traders hardly noticed the intervention. Foreign-exchange markets swap tens of billions of dollars' worth of currency daily, and the U.S. actions had little impact. "The markets were not impressed," said one European banking official. To get their attention, Washington had to announce formally that it was intervening. That worked briefly, but once the psychological effect of the announcement had worn off, the dollar started climbing again and hit new records at the end of the week...
...gear emotionally for a job search, some 55% to 65% of laid-off Bethlehem people find jobs within 90 days. Unlike the engineer who got a raise, though, nearly all must settle for less money. For the others, the centers provide a place to go during the day and swap notes. As they talk, workers show a strong resolve to avoid depending on any one job. Wilfred Morrison, 31, a former management trainee, has set up his own distributorship for hose and hose fittings. Says he: "No one will control my destiny again." Everyone seems determined to follow the hopeful...