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...corner the global market for tin. The Belgian-born Rich, whose family fled to New York during World War II, found his calling 30 years ago as a metals trader after dropping out of New York University. The Swiss-based commodities firm he founded in 1974, Marc Rich & Co. AG, is now one of the largest in the world, trading an annual volume of $10 billion worth of oil, gold, aluminum, sulfur and sugar, among other things. Rich's personal fortune is estimated at more than $100 million. "Everybody is amazed at his commercial success," says Oil-Industry Consultant...
...place the embarrassment behind them. Many called for the resignation of Henri Nannen, 69, who has been Stern's publisher since the magazine was founded in 1948. Others hinted that blame extends high into Stern's parent corporation, Gruner & Jahr, and even into the holding company, Bertelsmann AG, a publishing conglomerate (1982 sales: $2.4 billion) that includes Bantam Books...
...Sony plans to adapt this technology to large-screen formats. The dream-or the nightmare-of a TV set the size and thinness of a painting hanging on the living-room wall may soon be a reality. In fact, the West German firm of Siemens AG, using a different technology, has built a prototype 14-in. screen just 2.3 in. thick. The prototype will have a more immediate application as a computer accessory than as a home TV screen. But one slender advantage is already possible: the Siemens screen can be folded up for storage or transport...
Many auto industry observers believe that Volkswagen needs a replacement for the Rabbit, a move Industry Analyst Maryann Keller of Paine Webber Mitchell Hutchins terms "essential." Despite rumors that a new model is on the way, company officials deny such plans. Insists Carl Hahn, chairman of Volkswagenwerk AG, the parent company: "We don't want to offer the consumer a new shape every day." Yet as long as Japanese and U.S. automakers can nibble into Volkswagen's market by behaving like sheep, it will take more than a wolf in sheep's clothing to revive the company...
Budd, an American subsidiary of Thyssen AG, a huge West German steelmaking firm, has lost five other rail-car contracts in the past two years to Canadian, Japanese and Italian competitors. Budd has done business with the MTA for two decades, and is to deliver 316 subway cars in 1984. The company said that as a result of losing the latest contract it will lay off up to 40 engineers and cancel plans to hire 550 workers in New York...