Word: builders
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...much. By last week, American Airlines and McDonnell Douglas, the manufacturers of the DC-10, had offered $30 million to the families of 112 victims if they would settle instead of go to court, and more settlement offers are forthcoming. What the airline and the air plane builder are trying to avoid is the kind of protracted legal battle that can cost them much more...
Supporters of aid argue with passion that the U.S. cannot afford the failure of a company that is the nation's tenth largest manufacturer, its biggest builder of military tanks and one of only three major domestic competitors in its supremely important automotive industry. A Congressional Budget Office study concluded last week that a complete Chrysler shutdown would cost 360,000 workers their jobs immediately, and that ripple effects throughout the economy could throw an equal number out of work...
...next day, Thursday, the " President, Rosalynn, Vice President Walter Mondale, Chief Aide Hamiloton Jordan, Press Secretary Jody Powell, Image Builder Gerald Rafshoon. Domestic Affairs Adviser Stuart Eizenstat and Pollster Patrick Caddell gathered around a table in the President's Aspen Lodge and drew up lists of people to invite to the summit. The lists were broken into broad headings?one was "religious and ethical leaders," later inevitably nicknamed "the God squad"?and organized day by day. Aides began phoning invitations Friday morning, and the first group, a hastily assembled collection of eight Governors, arrived for dinner that night. Eventually...
...American Airlines DC-10 in Chicago, taking the lives of 275 people in the worst U.S. air disaster. Lloyd's underwriters hold 16.5% of the coverage of that flight, which could cost them many millions. If the plane is found defective, the product liability claims against the builder, McDonnell Douglas, would be even larger. Lloyd's underwriters carry much of that insurance...
...rumors that he was in financial disfavor with the Saudi royal family. Their patronage is crucial to the Syrian-born Ojjeh, whose checkered career includes a Sorbonne degree in philosophy and two convictions on French smuggling raps. In recent years he has made millions as an arms procurer and builder of military bases in Saudi Arabia. Ojjeh's spokesman dismissed the reports as nonsense, and at week's end he was said to be negotiating a $293 million deal to buy aircraft from Dassault-Breguet, the French planemaker, presumably on behalf of the Saudi government. Nor has Ojjeh...