Word: orion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fires have been lit, the actual ignition is hidden deep within the interstellar clouds. "Nature very discreetly pulls the curtain over the act of birth," says Thaddeus. But the infant star soon makes its presence known, shining through and illuminating the obscuring cloud. This process is occurring in the Orion Nebula (see color page), the illuminated portion of a gigantic cloud of gas and dust that is giving birth to new stars. Some of the stars spawned by the nebula have been formed as recently as the time when the human species first stood upright; the newest offspring are only...
EQUITY FUNDING CORP., now Orion Capital Corp. Record high stock price (1969): $86. Low before suspension of trading (1973): $14. Last week: $5. Los Angeles-based Equity was a darling of the insurance industry until March 1973, when Ray Dirks, a Wall Street insurance analyst, was told by a tipster that many of Equity's outstanding policies, perhaps $1 billion worth, had been sold to people who did not exist. In three wild weeks, Dirks raced around the country, confirmed the tipster's story, and told clients to get out of the stock. Equity declared bankruptcy...
...reorganization was run by a court-appointed trustee, Robert Loeffler, a lawyer and former senior vice president of Investors Diversified Services, a mutual-fund complex. Loeffier supervised the settling of $400 million in claims, appointed a new board of directors, and resigned. The company, operating under the name of Orion, is now based in New Jersey and run by Alan Gruber, a former Xerox executive. It still sells insurance through two healthy companies acquired by Equity. It emerged from reorganization in March, and last month its stock began trading publicly again after a long suspension. The company turned a profit...
...case involves a 1972 decision by All Nippon Airways to buy Lockheed passenger jets, despite having taken a prior option to purchase McDonnell-Douglas aircraft. In a second case, the Japanese reversed plans to build their own antisubmarine patrol planes, and instead decided to study the Lockheed P-3C Orion. If the cash pocketed by Tanaka can be tied to these decisions, Tanaka will almost surely be charged with bribery, a serious offense opening him to a maximum prison sentence of 1 5 years...
...negotiations and, finally, a contractual stipulation that there had been "no bribery offered to a Canadian government official in connection with this program." With that disclaimer, Lockheed Aircraft Corp. and Canadian officials last week signed, on the second try, a $697 million deal under which Canada will buy 18 Orion-type planes for North Atlantic patrol and antisubmarine warfare. The sale is the biggest ever made in export markets by the floundering American manufacturer, and provides a badly needed boost to Lockheed's order book and its morale. For Canada, it is the first step in an overdue effort...