Word: twa
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Dates: during 2000-2009
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...watching all these developments closely is Bigelow, a Las Vegas icon whom many compare with the early Howard Hughes, the aircraft enthusiast who started TWA, although Bigelow, who is in his 60s, isn't as eccentric, probably. Yes, in 1995, he founded the now defunct National Institute for Discovery Science to investigate paranormal activity and alien abductions, principally because his grandparents claimed to have had a close encounter with a UFO. But in 2002 he licensed exclusive rights to NASA's canceled TransHab inflatable habitat and set to work creating his own commercial space stations and hotels. Last July Genesis...
...been a busy few weeks for Carl Icahn, the billionaire financier who gained fame--some would say notoriety--in the 1980s by taking over TWA and agitating for change at the likes of Texaco and RJR Nabisco. While juggling his bids to get on the board of mobile-phone manufacturer Motorola and to buy car-parts maker Lear, Icahn, 71, took a break to talk with TIME's Barbara Kiviat about imperial CEOs, movies by mail and the one thing no one ever gets about...
...Hizballah established its terrorist bona fides in the 1980s by kidnapping some 50 foreigners in Lebanon, including 18 U.S. citizens, and killing two of them, notably CIA station chief William Buckley. The group's global reach was achieved perhaps in 1985 with a suspected connection to the saga of TWA Flight 847, in which hijackers shot dead a U.S. Navy diver and dumped him onto a Beirut tarmac. In 1992 Hizballah bombed the Israeli embassy in Buenos Aires, killing 29, and, in 1994, a Jewish cultural center there, killing...
...Before TWA's Icahn made his advance, USX had been considered a probable takeover target for some time. Wall Street analysts considered the diversified company, formerly known as U.S. Steel, to be drastically undervalued: its stock price in no way reflects its $21 billion in assets, which include $13.2 billion worth of oil and gas holdings. Many of those energy ventures, like the $6 billion acquisition of Marathon Oil in 1982, were engineered by strong-willed Chairman Roderick precisely to raise the ante for would-be raiders. With the steel and energy businesses reeling, Roderick last August decided to pick...
What gave Icahn's offer most of its credibility, though, was his surprising success at TWA. The New York City-born businessman took the helm of the floundering carrier 14 months ago after a bitter takeover battle. Few thought Icahn would ever be able to turn around the airline, which lost $193 million in 1985 and $257 million in the first half of this year. But after a series of hard-nosed measures, including victory in a three-month strike by TWA's 6,500 flight attendants, Icahn was able to announce earnings of $72 million for the third quarter...