Word: elevens
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...past two months, rumors have been flying that Southland Corp. was ripe for takeover. A roster of raiders were said to be eyeing the company that operates the ubiquitous 7-Eleven chain of 7,700 convenience stores and owns 50% of Citgo Petroleum. Last week the family that holds a 10% interest in Southland made a deft maneuver. John, Jere and Jodie Thompson, whose father Joe founded the firm in 1927, offered to buy the rest of the company for $3.8 billion, or $77 a share, and take it private. Just seven weeks ago, Southland stock traded...
...North delivered a magnificent aria in which he described how the Palestinian terrorist Abu Nidal had targeted him for assassination. He told how Nidal's group had brutally murdered Natasha Simpson, 11, daughter of an American journalist, in the Christmas 1985 massacre at the Rome airport. "I have an eleven-year-old daughter," said North, melodramatically. He offered a challenge. "I'll be glad to meet Abu Nidal on equal terms anywhere in the world, O.K.? But I am not willing to have my wife and my four children meet Abu Nidal or his organization on his terms...
...Marine lawyer, Bracy's interrogation and his eventual confession were shams. The lawyer, Lieut. Colonel Michael Powell, says NIS investigators have admitted altering their assessments of portions of Bracy's polygraph results from "nondeceptive" to "deceptive." (The Marine brass say the changes were merely "administrative.") Powell, an eleven-year corps veteran, insists that Bracy was ordered to sign an inaccurate summary of his statement without being allowed to read it. But when one of his interrogators then jumped up and shouted, "We've got ourselves another spy!" Bracy immediately denied saying anything of the kind. He also denied any sexual...
...sparring also occurred in Washington, where the House of Representatives voted to delay by 90 days the Reagan Administration's plan to register eleven Kuwaiti tankers under the U.S. flag and provide them with a naval escort. The measure, however, was largely symbolic, because even if the Senate had followed suit, a presidential veto would probably have ensued. The reflagged tankers are scheduled to begin operating in the Persian Gulf next week...
Extreme frustration can lead to violence. Four freeway shootings have been reported in the Los Angeles area in the past eleven months. On the Santa Ana Freeway, a speed demon angered by a car that did not move from the fast lane pulled up alongside the offending vehicle and fatally shot a passenger in the front seat...