Word: tycoons
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Dates: during 1990-1999
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...Senate ethics committee hearings on the so-called Keating Five staggered into the final stretch last week with cross-examination of Republican John McCain and Democrat John Glenn. Of the five Senators accused of granting special favors to indicted S&L tycoon Charles Keating in exchange for political contributions, McCain and Glenn were considered the least culpable by the committee's special counsel. Yet both men struggled under tough questioning...
After a merger with a satellite TV rival in Britain averts a cash crisis for his sprawling News Corp., the global multimedia tycoon looks to video more than print for the future...
...Fashion Tycoon...
That leaves the "international magnate" solution. Pravda employees speculate that Frolov was referring to British publishing tycoon Robert Maxwell, who has visited Gorbachev twice this year, as a potential backer. A day after Frolov's announcement, the youth daily Komsomolskaya Pravda charged that Maxwell had recently pulled out of a joint venture with the independent Moscow News and closed the paper's London edition without warning. Even if a white knight comes to Frolov's rescue, it is hard to see how the beleaguered editor can effectively implement all the much needed changes...
More and more developers are landing in bankruptcy court. Among them: Washington tycoon Jeffrey Cohen, who filed for bankruptcy after he defaulted on more than $11 million in loans. Others are opting for an only slightly less painful alternative: renegotiating their loans in excruciating "workout" marathons that leave the developers with less control over their holdings. John Robbins, a managing partner at Kenneth Leventhal & Co., an investment firm that handles workouts, reports that his company's business has quadrupled in the past year. Says Robbins: "The real estate market is in the gutter -- and that's being kind...