Word: lost
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Dates: during 1990-1990
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...million, or $2.50 per share in cash and securities. The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low- traffic season after the holidays. One type of financing TWA is considering would require Pan Am, which lost $2 billion in the past decade, to file for reorganization in bankruptcy...
...those who have actually lost their jobs -- an estimated 267,000 in November -- the holidays are especially painful. This recession began in the service sector, rather than in manufacturing, and so has taken a swipe at the security of white-collar and blue-collar workers alike. "It's a terrible time of year to be sending cards to friends across the country," says Robert Bach, who moved to California from Omaha only 18 months ago and has already lost two jobs because of the slumping economy. He does feasibility studies for new buildings -- of which there are not too many...
Michael Kantor, 44, lost his job last summer as vice president of the United Cotton Goods Co. of Griffin, Ga., a textile company that Kantor says was "beaten to death by imports." He has flooded the mails with resumes, in the hope that "if you shoot enough bullets into the woods, a deer will run into one." He answered an ad in the Wall Street Journal for a corporate financial officer last September and waited months for a response. "As people are scared, they are taking longer to make decisions," he said. That is true, a company official agreed...
...shock waves quickly spread from the Palace of Congresses through the Soviet Union and the world. For Gorbachev, who shook his head in disbelief as his Foreign Minister spoke, it was the darkest hour of his leadership. Not only had he lost one of his closest allies in the Kremlin, but it seemed obvious that he could no longer continue walking a tightrope over the heads of reformist democrats, national separatists and proponents of a law-and-order crackdown; the splits had become too deep and envenomed for that. And Shevardnadze tossed in a warning of what might happen...
Most of the time, that strategy worked. But during the past year or so it has been falling apart. The reform forces have lost all cohesion, splintering into myriad tiny groups. All 15 Soviet republics have declared sovereignty, and so have regions and even cities within republics, producing a state of near anarchy. Gorbachev lost his best and perhaps his last chance to remain the leader of the reformists in October when he backed away from a 500-Day Plan for radical economic reform that had been worked out with Russian republic leader Boris Yeltsin, his chief domestic rival. When...