Word: tenderizers
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Though only half a mile away Warsaw Pact ships were firing at targets, the crew on the 300-ft. West German navy tender Neckar exhibited no alarm. Nothing ever happened during routine surveillance missions. So, midmorning in the Baltic Sea, the NATO craft sat passively while two 600-ton Soviet-made corvettes of the Polish navy blasted practice shots at unmanned drones...
Back in New York City, Corliss avoids film-industry receptions and social contacts with actors and actresses. "Critics by nature are antisocial beasts. We dodge movie stars because we don't want to believe that those huge gorgeous creatures on the screen are real, tiny people with real, tender feelings that could be dented by an offhand joke in print." Each week he sees an average of a dozen films, usually in screening rooms but sometimes in crowded Times Square theaters. "I like to slip into theaters unnoticed. On Broadway the audience's critical comments are often more piquant than...
...question last week with a 6-to-3 ruling that seemed to give a greater say to state legislatures. The Justices affirmed that a 1986 statute restricting hostile takeover offers for companies incorporated in Indiana does not violate either the Williams Act of 1968, a federal law that regulates tender offers, or Article I of the Constitution, which says that only Congress can regulate interstate commerce...
...Francisco, T.L.C. (for tender loving care) Suites on Nob Hill provides so many perks and useful items that its guests hardly need to leave the suite to hold meetings with colleagues, entertain clients and relax after hours. Each den has reference books and a desk filled with such basic work materials as tape, scissors, stapler and an electric pencil sharpener. A small library of movies and music is tucked into a cabinet with a VCR and compact- disc player. The T.L.C. suites also have kitchens with dishwashers and well- stocked refrigerators...
Suspicions of a wider insider-trading conspiracy on Wall Street were fanned last week by the release of an SEC study of 172 tender offers during 1981-85. In every instance, the target company's stock price rose abnormally at least 17 days before the takeover bid was made public. The study reached no firm conclusion about the cause, acknowledging that several factors, among them rumors and speculative press reports, could help explain the phenomenon. Nonetheless, "it is possible, and logical to many, that illegal insider- trading behavior" might be a significant factor, the study said. If so, the crackdown...