Word: multimillion
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Dates: during 1980-1989
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...Multimillion-dollar cases like Conlan's are suddenly proliferating, giving the banking industry a dreaded new buzz phrase: lender liability. Gone are the days, says Victor Roy, a Louisiana banking lawyer, when "suing a bank was ! like suing the Pope." While the increase in lawsuits can be attributed in part to growing litigiousness, some bankers have themselves to blame. In the early 1980s, lenders aggressively sought new borrowers in farming and oil, pushing generous loans under the presumption that the good times would keep on rolling. But when the bottom fell out of petroleum and commodity prices, many ventures were...
...Bloomingdale found what they -- and the Reagans -- had been looking for. In August 1986, Wall Management quietly bought the house and leased it back to the widow, who has since died. Reagan had apparently considered a few houses about a year and a half ago, but balked at the multimillion-dollar price tags...
...parts manufacturer, in Long Beach, Calif. Ten years ago Thompson branched into sports promotion and became the leading sponsor of motor-sports events at arenas like the Los Angeles Coliseum, the Rose Bowl and Anaheim Stadium. However, his partnership with Promoter Mike Goodwin dissolved into a bitter series of multimillion-dollar lawsuits. In May 1986, Thompson won a judgment against Goodwin ultimately totaling almost $800,000. Goodwin declared bankruptcy later that year and failed...
...more is at stake than the sale of a few multimillion-dollar machines. $ The country that leads the world in supercomputers and artificial intelligence will hold the keys to economic and technological development in the 1990s and beyond. Breakthroughs are waiting to be made in fields that range from genetic engineering to particle physics, from automated manufacturing to space exploration. There is even a chance that scientists will use the new computers to understand better the most complex machine of all, the human mind...
Whittle refuses to divulge which advertisers have come on board so far, but giants Procter & Gamble and Warner-Lambert are said to be considering committing multimillion-dollar budgets to the new magazines. Spokesmen for the two companies deny that any contracts have been signed with Whittle, who predicts that he will sell $37 million worth of advertising in the first year...