Word: overextended
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...make it attractive enough to invite a buyer-have already put their plans before the CAB. Stockholders in both companies, and the CAB itself, must approve the merger before it can go into effect. The CAB is partly to blame for Capital's troubles for allowing it to overextend itself. Hitherto, the CAB has followed a resolute policy of encouraging competition, discouraging mergers. If it reverses its position and okays the United-Capital plan-as most industry experts believe it will-it could start a flurry of mergers throughout the U.S. airline industry...
...such as housing. More sensitive indexes charting the prices of wholesale goods, especially raw materials, already seemed to be tapering off or falling. And though consumers are still buying heavily, they are not so anxious to go into debt. Said Chase Manhattan Bank President George Champion: "The tendency to overextend consumer credit is beginning to right itself. Down payments have been stabilized, and maturities are no longer lengthening...
Ulen won the battle of with last year. Michaels carried the meet to the final relay, but by then Ulen had forced him to overextend his strength...
...which nearly all Chinese have shown to Chiang Kaishek, "The Great Unifier." His entourage last week put the blame on Neville Chamberlain, attributed the Japanese drive on Canton to collapse of British prestige at Munich and predicted that not only will the Cantonese fight but their resistance will so overextend Japan that it will cost...
...plummet from last summer's high is the swiftest decline in the history of U. S. business and finance. It is remarkable because the big, obvious factors which are usually held responsible for economic retrograde- swollen credit, top-heavy inventories, unmanageable surpluses-are not in existence. Business did overextend itself last spring, just before the President dampered the roaring commodity boom. But in large measure the principal cause of the Recession appears to be purely psychological, the result of Capital's mass pessimism about the future, and a consequent reluctance to make future commitments. The Recession is also...