Word: buildering
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...lots of it - because the costs of building and borrowing are skyrocketing. Thus, the cost of a nuclear power plant planned for Midland, Mich., in 1968 was estimated to be $260 million; the plant, not yet finished, is now expected to cost $1.4 billion. In total, says Power Plant Builder Leonard Reichle of Ebasco Services, Inc., a nuke costs $1,005 per kilowatt of generating capacity, while a coal-fired plant costs between $690 and $910 per kilowatt...
...boardrooms, courts and newspaper financial columns. Then overnight last week one of the nation's bitterest takeover struggles ended. Otis Elevator Co., the world's leading manufacturer of elevators and escalators, stopped fighting a bid from United Technologies Corp. (formerly United Aircraft), the world's largest builder of aircraft engines, to buy all shares tendered to it by Otis stockholders. By week's end, when the offer expired, United claimed that it had bought more than half of Otis' 8.1 million outstanding common shares at $44 each, giving it control of the firm that Elisha...
...city. Though more than a thousand acres of largely abandoned areas in The Bronx and Brooklyn are next to slums, they are potentially desirable because they are conveniently located. The city could clear them and erect row houses to be sold to middle-class buyers. Says I.D. Robbins, a builder and former president of the City Club, a civic watchdog group: "There is a tremendous capital investment left over from the time these neighborhoods thrived. All that is missing is people...
...shirt. Its ad concludes: "So get a little American history free from d-CON, the people who are helping to free America from bugs." Nabisco offers grocers a cardboard kit that unfolds into a display stand-for Nabisco items-stamped "1776 Bicentennial 1976." The kit is called, appropriately, "Profit-Builder No. 1-W." Baskin-Robbins sells "Red, White 'n Blueberry" ice cream cones; a Boston massage parlor offers a Bicentennial special (the regular-er, services for a 10% discount); and Toy-Tex Novelty Co. provides Bicentennial litter bags with Betsy Ross's flag stamped on them...
Married. Edgar M. Bronfman, 46, board chairman of Seagram Company Ltd.; and Georgiana Eileen Webb, 25, daughter of a retired British builder who runs Ye Olde Nosebag in Essex, England; he for the third time, she for the first; on the 174-acre grounds of Bronfman's Yorktown, N.Y., estate, in a ceremony that had been postponed for four days because of the kidnaping of his son Samuel (see THE NATION...