Word: unloads
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...overexpansion, such as Pan Am, Eastern, TWA and Continental. To remain aloft, the weaker carriers sold routes, planes and other assets piecemeal to their stronger competitors, widening the chasm. Desperate for cash, Pan Am offered its London routes to United for $290 million, while financially troubled TWA agreed to unload its Heathrow landing rights to American for $445 million...
...tiny minority -- six Republicans out of a total of 120 legislators -- also supports Proposition 140. Conservative Tom McClintock, 34, sees the budget cuts as a chance to unload "political hacks who have been parked on the legislators' payrolls." Says Robert Forsythe, 50, a surviving senate aide: "Let's face it -- the cuts have come as a special shock because this place has felt itself to be encased in glass and somehow protected from the layoffs and cutbacks so many people have been feeling around the country. It's a slap of reality...
...bumper harvests around the world, wheat farmers face their lowest returns in more than half a century, and the international embargo on exports to Iraq has also eliminated Australia's second-biggest customer. Aggravating the crisis is cutthroat grain dumping by the U.S. and the European Community; both unload surplus wheat overseas at subsidized prices...
...there was nothing predictable about the arrival two days later of several Soviet-built Libyan transport planes at N'Djamena's military airport. The planes had come to pick up about 400 Libyan prisoners released by Deby, some of whom had been jailed since 1982, and to unload "humanitarian supplies," including a Renault luxury sedan, apparently a gift to Deby from Libyan leader Muammar Gaddafi. Deby defended freeing the Libyans as a move to help maintain good relations with Chad's northern neighbor. However, the prisoner release, along with reports that Libya provided at least 40% of the equipment...
...some of their assets on the block. Unocal, the Los Angeles-based oil company, has been able to slash one-third of its $6 billion debt by selling coal mines, refineries and even its headquarters. But these sell-offs become less attractive as too many companies rush to unload assets. With so much merchandise on the block, prices have been depressed. Harcourt Brace Jovanovich, which incurred heavy debts fighting off a takeover bid, sold its Sea World theme parks last year for $1.1 billion, about $400 million less than many analysts expected. The market is expected to deteriorate further, which...