Word: ups
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Dates: during 1980-1989
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One winter morning, Will's mother and father inform him that his favorite fauna, the woolly mammoth, is extinct. But the boy knows better. Squinting his eyes, he manages to conjure up the prehistoric past, complete with saber- toothed tigers, early versions of horses, warthogs and, of course, the elephant...
Toward the end, B. Altman was losing more than $4 million a month. Retailing experts estimated that any potential savior would have to spend as much as $100 million to renovate the stores and rebuild basic inventories. Stock had become severely depleted during the past year, in part because manufacturers...
The raiders have often been victims of their success. Fancying themselves managers as well as marauders, they built huge but shaky empires that rested on debt. Result: their vast borrowings at sky-high interest rates left companies ranging from TWA to Allied department stores awash in red ink. "Many of...
That is bad news for Wall Street, where buyouts have propped up stock prices and brought in fat advisory fees. Faced with a drop in the number of mergers and acquisitions, which fell 29% during the July-September quarter compared with 1988's third period, major investment firms have announced...
An Antipodal Acquisitor. In 1983, in the midst of his glory days, Alan Bond's sloop Australia II captured the America's Cup. In the same determined manner, Bond, 51, has run up more than $3 billion of debt in recent years while capturing a global empire of properties ranging...