Word: turnarounds
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...business front, Turner's turnaround has been impressive. After his abortive 1985 attempt to take over CBS and his costly acquisition of MGM's library of 3,300 old films, Turner appeared to be in financial trouble. In desperate need of cash, he turned for a bailout to a group of cable-owning companies (among them Time Inc.), which bought a large share of Turner Broadcasting. His stake in the company has been reduced from 80% of common stock to just over 40%, and for the first time he must get approval for major decisions from a board of directors...
...Crimson, which has had trouble forecheckingthis season, had a big breakdown in the third togive SLU the edge. John Massoud broke out of thezone quickly, leaving the Harvard defense behindand forward Pete Ciavaglia alone to protect thenet. Martyn Ball took a turnaround shot in thezone for the 2-1 lead...
Louis-Dreyfus has no background in advertising but has earned a hot reputation as a financial whiz. His chief accomplishment is the brisk turnaround of IMS. The company, capitalized at $232 million when Louis-Dreyfus took over in 1982, was sold to Dun & Bradstreet last year for $1.7 billion...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store was old, but it was outmoded." KMO Realty Partners, which now owns Altman's real estate, controls the rights to the store's name. KMO will probably try to make some use of it, perhaps selling it to an apparel maker or retailer, but the B. Altman name will probably...
...turnaround came Sunday in Ithaca, when junior Pete Ciavaglia jumped on a loose puck and took a clean break into the Big Red end where all goalie Corrie D'Alessio could do was wait and sweat. Ciavaglia shoved it by him for a 4-0 Harvard advantage. Senior Tod Hartje, who replaced injured forward John Weisbrod on the penalty-killing unit, set up the play by blocking a Cornell slapshot...