Word: payment
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...vigil in front of the paper's offices in subfreezing weather, and Mayor William Green offered tax breaks and low-interest loans to help finance a purchase. But in the end, Charter could not even give the paper away. Its terms: $29.5 million in promissory notes, and guaranteed payment of $12 million in severance costs to the paper's 1,943 employees if the new owner could not turn the paper around. According to company spokesmen, four groups of buyers did come forward, but each found the newspaper's prospects too discouraging. Circulation had climbed back...
...were attributed to the weather. One of the hypothermia victims was Bertha Heart, 80, who had somehow survived two previous winters without heat in her shabby South Side apartment. Peoples Gas had shut off her gas service in 1979. Explained a company spokesman: "She did not keep to her payment arrangements." Furnace repairmen, Illinois Bell Telephone (which in one day logged 613,000 calls to its Chicago weather information number, six times more than normal) and travel agents, among others, all had as many customers as they could handle. Said Travel Agent Jason Hess of his booming business: "Everybody wants...
...addition, Reagan will resubmit the $22 billion, three-year package of loophole-closing measures that he first proposed in September. Among its provisions were ending some tax credits granted to businesses that conserve energy and requiring faster payment of taxes on profits earned by defense contractors. The President definitely will not propose a windfall-profits tax on natural gas producers, but aides hint broadly that he will not fight a move by Congress to tack the tax onto a repeal of the remaining price controls on natural gas. Such a tax might bring in $10 billion to $20 billion...
...figures by including the sales of 2,768 Japanese vehicles that it imports. Ford shareholders also got a shock when the company announced that it would not pay a dividend for the first three months of this year. This will be the first time Ford has skipped a stock payment since going public...
Four days later, a message offered to free Manotoc in return for the release of four jailed leaders of the Philippine Communist Party and the payment of $2.5 million. The government insisted that Manotoc had been kidnaped, and officials promised a relentless search. But the efforts turned out to be so casual that a full week after Manotoc's disappearance, not a single agent had gone to the restaurant where the couple had dined. Rumors began to spread through Manila that the government knew more about the kidnaping than it was saying. The President's wife Imelda...