Word: manhattanization
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...after they got a tip that Milledge's killer was alive and living in New York. "He was a perfect gentleman," recalls Detective George Cadavid, who helped make the arrest, "but that doesn't excuse him from the fact that he killed a policeman." Police took Strachan to the Manhattan jail that is known as the Tombs. The nickname is an understatement. If he survived the jail's daily brawls and stabbings, and was extradited to Florida on charges of first-degree murder, he could face the electric chair...
...mergers in the beleaguered banking industry, where companies are combining to eliminate overlapping branches and services and thereby cut costs. San Francisco's BankAmerica is using a stock swap to acquire Los Angeles rival Security Pacific in a deal that will create the second largest U.S. banking company after Manhattan's Citicorp. In a similar transaction, Chemical Banking is exchanging $2.3 billion of its shares for the stock of New York City neighbor Manufacturers Hanover. "Debt has become a bad four-letter word," says Benjamin Griswold, chairman of Alex. Brown & Sons, the oldest U.S. investment banking firm...
...coup attempt sparked a flash of excitement at party headquarters, which is located across the street from the Chelsea Hotel in downtown Manhattan. About 8:30 a.m. every workday, Hall's chauffeur-driven Oldsmobile (he buys American and uses a cellular phone) pulls up to the curb in front of the eight-story brownstone, where staff members, still harboring paranoia left over from the days when the FBI tapped their lines and read their mail, answer the phone "4994" and dispatch envelopes without the party's name. Once in the building, Hall, a four-time presidential candidate, climbs into...
Clifford and Altman still face a daunting battery of probes. Grand juries in Washington and New York City are studying how much both men knew about B.C.C.I.'s secret ownership of First American. Manhattan District Attorney Robert Morgenthau is investigating a 1988 deal in which Clifford and Altman reaped a combined $10 million profit after buying stock in a B.C.C.I. affiliate. The two had borrowed $18 million from B.C.C.I. to acquire the stock, which they held for less than two years. TIME's sources say investigators are probing whether the $10 million profit was a payoff for First American...
...America's celebrity unions. With 11-year-old TIME both popular and profitable and newly born FORTUNE a critical success, Harry Luce, then 36, was on the verge of becoming the nation's most powerful magazine publisher. Clare Brokaw -- journalist and playwright, future Congresswoman and ambassador -- at 31 was Manhattan's paradigmatic gay divorcee, renowned as much for her merciless wit as for her delicate porcelain beauty...