Word: lowing
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Dates: during 1990-1990
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...rival carrier to agree tentatively to a deal. Under the terms, TWA would acquire Pan Am for $375 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...
Most Coveted Low-Paying Job At least 27,000 Muscovites decided they deserved a break today and applied for 605 positions at the new Moscow branch of McDonald's. The company tutored its Soviet employees on how to render in Russian such McLingo as "You want fries with that...
Latest Immortality Elixir Not so long ago, the secret ingredient to lower cholesterol was oat bran, which proved to be no more or less magical than low- fiber grains. In 1990 health nuts got hooked on canola oil, which is made from rapeseed. Enough! cried Julia Child. "If fear of food continues, it will be the death of gastronomy in the United States...
...show business -- the Mirage and Excalibur hotels -- is leading Las Vegas toward its biggest year ever. In Nashville the country-music business is keeping the local economy afloat amid a tide of regional recession. Felix Rohatyn, the fiscal doctor, says the only hope for New York City, laid low by the collapse of the boom-boom Wall Street economy of the '80s, is to turn it into a tourist attraction keyed to entertainment. But the industry is also undergoing profound change in its essential financial and cultural dynamic: moving toward the European and Asian customer as a major source...
...fact is that much of the controversy stems from the fragility of black gains in higher education. According to the most recent statistics, black enrollment at U.S. colleges in 1988 was 8.7% of the national total. That marked a mild gain over the previous two years, but is still low considering that blacks represent about 12.4% of the U.S. population. "If we were color- blind as a nation, then ending these scholarships would be understandable," says Gina Smith, 19, the first recipient of a joint Hope College-University of Michigan scholarship for minority students interested in medicine...