Word: telegraphed
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Dates: during 1980-1989
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Critics quickly labeled Lord Bridge's report a whitewash. Noting that the report was commissioned and completed in only six days, the Daily Telegraph ridiculed it as "the bench's answer to fast food: a juridical...
From its start in 1851, Western Union built a reputation as America's fastest and trustiest messenger. The company constructed the first transcontinental telegraph line in 1861, introduced telex messages in 1958, created Mailgram service in 1970 and began operating the first domestic satellite communications system, Westar, in 1974. But now Western Union's electronic pulse is barely perceptible. The company said last week that it lost $58.4 million in 1984 on sales of $1.1 billion. Coming on top of a $59 million deficit in 1983, the news fanned speculation that Western Union may be unable to survive. "Its future...
...particular demand for boards are women and minority-group members. Juanita Kreps, Secretary of Commerce under President Carter, serves on ten boards, including American Telephone & Telegraph and Chrysler. Leon H. Sullivan, the pastor of Philadelphia's Zion Baptist Church, serves on three corporate boards: General Motors, Mellon Bank and the Philadelphia Saving Fund Society...
...countries. Among its multitude of ventures, ITT is currently manufacturing radar in Los Angeles, television sets in West Germany, shock absorbers in The Netherlands and radios in Zimbabwe, and is helping Egypt to rebuild Cairo's water-treatment system. ITT last year dropped its original name, International Telephone & Telegraph, because it gives no hint of the company's scope...
...Britain and now Japan, 1984 has been the twilight year for telephone giants. First, on New Year's Day the breakup of American Telephone & Telegraph became effective. Then, in early December, Britain sold majority control of the government-owned British Telecom to private investors in the largest stock sale ever. Last week the Japanese Diet joined the trend. It voted to end the state monopoly of Nippon Telegraph and Telephone (fiscal 1983 sales: $18.4 billion), the country's phone company. Beginning in April the government will offer half of NTT's shares for sale over a five...