Word: turmoils
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Dates: during 1990-1999
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...doors opened at Bloomingdale's and other U.S. subsidiaries of Campeau Corp. last week, but it was hardly business as usual. After months of financial turmoil, the Toronto-based company placed its 257 American stores under bankruptcy court protection. The 6,000-page petition listed $7.5 billion of debt. Campeau renamed the U.S. operations Federated Stores Inc.; former Federal Reserve Board Chairman G. William Miller was named chairman of the unit...
...Bloomingdale's and other Campeau chains, which operate in an extremely competitive industry, could be crippled by the financial turmoil. For one thing, the exodus of experienced managers comes at a time when department- ! store retailers are under attack from catalog merchants, discounters and specialty stores. Moreover, a crunch could occur this spring if Campeau's troubles cause more suppliers to defect. Says Gillian's Levy: "All I care about now is for the situation to be resolved as soon as possible, or Federated will no longer be viable. The longer they procrastinate, the longer they go without merchandise. Then...
Iran, which has been working to improve relations with Moscow since the death of Ayatullah Ruhollah Khomeini last year, seemed embarrassed by the turmoil. In fact, Khomeini's successor, Hashemi Rafsanjani, may have inadvertently fueled the rise of ethnic nationalism in Soviet Azerbaijan when he stopped off there last June after visiting Moscow. He told large crowds in Baku that bilateral agreements he had just signed would lead to increased tourism and trade between the two Azerbaijani regions...
...unique in the annals of excuses for leaving the bride at the altar. California Senator Alan Cranston, 75, indefinitely postponed his Christmas Eve wedding to real estate broker Cathy Pattiz, 49, on account of the turmoil caused by his receipt of $850,000 from Charles Keating, the former owner of Lincoln Savings and Loan. "When the press pounced upon us before we filled out the marriage-license forms, it became clear to me that this is not an appropriate time to start a marriage," said Cranston, who has started two marriages before. "It would not be fair to Cathy...
This thesis takes as its task the troublesome tiring turmoil of infant mortality...