Word: ltv
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Dates: during 1980-1989
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...from a single blow but from a thousand small cuts. Few believe Tower could survive a "no" from Nunn. Even if the Bush Administration prevailed in a confirmation fight, Nunn could make life so miserable that Tower might wish he were back speculating in an enlightened way for the LTV company. But Nunn has been careful to leave himself the option of voting...
...even more. Between 1986 and late 1988, he was paid $750,000 in consulting fees by several major defense contractors. He had earlier served as chief American negotiator in START talks aimed at limiting strategic nuclear missiles. He told the committee that his firm provided both Martin Marietta and LTV with information on the impact a separate INF treaty banning medium-range missiles might have on their businesses. Michigan Democrat Carl Levin suggested those contacts might create the appearance that Tower had leaked to the contractors secret information about the U.S. arms negotiating position. No, said Tower, he provided only...
...agents staged surprise searches in more than three dozen homes and offices in twelve states. The 19 companies subpoenaed or searched, some of which are likely targets of the investigation, are a Who's Who of 19 defense contractors. Among them: Electronic Data Systems, Gould, Hazeltine, Litton, Loral, LTV, Martin Marietta, McDonnell Douglas, Northrop, Teledyne, Unisys and United Technologies. Since the raids, a federal grand jury in Alexandria, Va., has been delving into charges that some of these defense contractors and their consultants bribed Pentagon officials for inside information vital in bidding for contracts worth billions of dollars. As part...
...vultures," the traders at R.D. Smith specialize in buying and selling low-priced stocks and bonds issued by companies that have filed for bankruptcy protection or are perilously close to taking that step. This dishonor roll ranges from such well-known hard-luck cases as Texaco, Manville and LTV to obscure ailing firms like Crystal...
...then called Interstate Stores, was wallowing in bankruptcy proceedings, and its stock was selling for as low as 12.5 cents. Today a share of the resurgent toy-store chain goes for more than $38, a 300- fold increase. Windfalls can also be made from convalescing companies like LTV, the giant steel firm that is still reorganizing under Chapter 11 protection but has made strides toward renewed profitability. This year the price of LTV bonds maturing in 2003 has nearly tripled, from 11% of face value...