Word: flagship
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Last Monday, State Banking Commissioner William Adams shut down Butcher's flagship, the United American Bank of Knoxville, citing "large and un usual loan losses" at the $760 million institution. It was the fourth largest U.S. commercial bank failure since the 1930s. By the time U.A.B. opened again on Tuesday morning, it had been taken over by the state's largest bank holding company, First Tennessee National Corp. (assets: $4.2 billion...
Like New York's Macy's and Chicago's Marshall Fields, "Hudson's Downtown," the flagship store of a midwestern chain--was an American merchandising phenomenon. Based in such a grungy city, Hudson's never received the national acclaim accorded to its counterparts in New York and Chicago: But it was--and it meant--more. A weekly trip to Hudson's was virtually mandatory in Detroit's golden years. The store sported 14 floors and more than 500,000 separate items; it operated four restaurants which served up to 13,000 meals a day. Nothing anywhere else could compare. Perhaps...
...bitter irony. The flight of Detroiters to the suburbs afflicted the city and accelerated Hudson's demise, but--embarrassingly--Hudson's itself had been intimately involved in promoting this suburban growth. By opening branch stores in suburban outlets, Hudson's had actually sapped the pull of its flagship store; down-playing the store's ultimate failure was, then, more than understandable...
Martin Fischbein, vice president and assistant general manager of the New York Post Murdoch's U.S. flagship paper, said Murdoch was in Australia, where he has extensive holdings...
...sections are rejoined, the painstaking work of finally preserving the Mary Rose could take several years. Nonetheless, the rescuers of the Mary Rose hope that their precious find can go on display as early as next year in Portsmouth, at a drydock close to Lord Nelson's famous flagship H.M.S. Victory. Says Discoverer McKee: "This is a dream come true." - By George Russell. Reported by Arthur White/Portsmouth