Word: chases
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...nearly to their previous peaks, which in April reached 20% for the prime lending rate that banks charge their most credit-worthy corporate customers. That rate has once again bounded up and last week stood at 17% for such large financial center lenders as New York City's Chase Manhattan and Morgan Guaranty Trust Co. and Chicago's Continental Illinois. Bills, bonds and notes issued by the Treasury and various other federal financing agencies ranged as high as 14% in many cases, while top-rated corporate bonds yielded as much...
...anonymity, Olayan is well known to influential Americans such as Occidental Petroleum Boss Armand Hammer, former Bechtel Chief Stephen Bechtel and Chase Manhattan Bank Chairman David Rockefeller. Says Olayan, whose investment in Chase is second only to Rockefeller's 1.7%: "I make quite sure that my share is always smaller than his." The man in charge of Olayan's U.S. operations, run from its headquarters on Manhattan's Park Avenue, is ex-Treasury Secretary William Simon, who is also one of Ronald Reagan's advisers...
...attack after undergoing surgery for removal of a cancerous tumor; in Juarez, Mexico. A graduate of a reform school and a Marine brig, McQueen was typecast for his tough roles, whether leading a prison escape (Papillon), masterminding a daring caper (The Thomas Crown Affair) or driving through a breakneck chase (Bullitt). His screen persona exemplified grace under pressure; he raised his fists but never his voice. He revealed last month that he was suffering from mesothelioma, a rare form of cancer...
Trying to recover, Carter put in a brutal final week-26 cities in 15 states and more than 15,000 miles in the air. In the last 24 hours before the election, Carter stepped up his blitz in a desperate cross-country chase that took him 6,645 miles to six key states ("I need you, I need you, help us!" he implored the crowds) before touching down in Georgia's dawn fog on Tuesday morning so that he could vote in Plains. His throat was raspy. His right hand was scratched red from ceaseless, frantic "pressing the flesh...
...boost productivity. The most unproductive workers in many companies today are office employees and executives. Between 1972 and 1977, blue-collar productivity grew by more than 2% annually, while white-collar efficiency increased by only .4% a year. In the U.S.'s service-oriented economy, the paper chase of the American office is already tying up 25% of the nation's work force, and by 1990 the figure is projected to rise to 40%. The number of workers entering the labor market will decline during the '80s, and by the end of the decade there will...