Word: tellers
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...last year, a 23% rise from 1985. Unfortunately, crime often pays. Of $50 million taken from banks last year, only 20% has been recovered. The most common technique is the tried-and-true "note job," in which a robber simply hands a threatening note to the teller...
Andrei Sakharov, first revered in the U.S.S.R. as the father of the Soviet hydrogen bomb, then reviled as a traitor for his tireless defense of human rights, recounts his tumultuous life. -- A look at Lavrenti Beria, a "terrifying human being." -- The Oppenheimer-Teller feud. -- The man who poisoned Soviet science. -- Why Sakharov ranks as a world-class scientist...
...investment, the retailing industry has the look of a losing bet. In just the past few months, hard times or bankruptcy has befallen such legendary stores as B. Altman, Bonwit Teller, Bloomingdale's and Abraham & Straus. Yet this prominent list of casualties failed to dampen the bidding war that began last September when B.A.T. Industries of London decided to sell Saks Fifth Avenue, one of the most prestigious U.S. retailing chains. At least four potential buyers vied for the richly profitable company (estimated 1989 earnings: $111 million), which has 45 stores in such locales as Manhattan, Beverly Hills, and Palm...
...perpetrator, described as a white man wearing a red cap and a plaid shirt, entered the Alewife branch of the Bank of Boston at about 12:30 p.m., passed a note to a teller and left with a bag of cash, police said...
...companies do not have to file for Chapter 11 to lure the new vultures. "There are many shades of failure," says Sanford Sigoloff, a turnaround specialist who runs the bankrupt U.S. operations of Australia-based Hooker Corp., which owns the B. Altman and Bonwit Teller department-store chains. Such troubled but solvent corporations as Wang Laboratories, the Lowell, Mass., computer maker that laid off more than 1,500 workers last year, have hired "workout" advisers to help pare down their debt. By pursuing a workout instead of bankruptcy, management can maintain control of the company and generally reorganize faster. "There...