Word: consortium
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...price-reportedly a cool $1 billion. So far, however, Cities Service Corp., the Tennessee Valley Authority and a privately owned coal-exporting firm called ICM-Carbomin International have either formally or informally dropped out of contention. While the other two-both syndicates of electric utilities-keep on negotiating, a consortium headed by Newmont Mining Corp. has appeared a last likely bidder. But this group is said to have offered only $800 million for Peabody, and whether it can or will go to $ 1 billion is uncertain...
...learn more about these fluctuations, an international consortium of scientists is compiling a record of the earth's climate. Climatologist Lamb and his colleagues have assembled an accurate historical record of the seasons going back as far as 1400 A.D.-based on parish registers, government documents, monastery records, and such physical evidence as sediment deposits in lakes and growth rings in trees. Says Lamb: "The more we know about cycles of the past, the better we can work with the highly detailed and sophisticated observations we have of our weather today." Geophysicist Willi Dansgaard of the University of Copenhagen...
...share of an expanding world nuclear market has fallen from 85% in 1972 to 40% today. Federal policymakers' concerns about proliferation problems have not helped. While U.S. agencies have held up American companies' reactor sales abroad, other competitors have moved aggressively. Just last June, a French consortium won a $1 billion contract to build two reactors in South Africa'. West Germany earlier this year captured a $5 billion nuclear job in Brazil and another worth $7 billion in Iran. Between now and 2000, some experts predict, nuclear contracts worth a staggering $120 billion will...
...University has already met with a reasonable amount of success in dealing with the problems of government intervention on a cooperative basis with other institutions. Last year, it was instrumental in forming a 30-member ad hoc consortium to draft a coherent program of finance for higher education. The consortium's report, Brewer says, "was the first major effort on the part of these institutions to confront these problems together...
Specifically, the pipeline consortium alleged that about 10% of the 30,800 welds were questionable, and that X rays of 895 were "falsified," inadequate or nonexistent. Yet the consortium says that only 28 of the welds are actually defective and need to be repaired, which might cost up to $10 million but would not delay the pipeline's opening. The companies concede that more than 1,000 welds need further study to see if they pose any environmental danger. To inspect all the welds would postpone the opening of the line for many months...