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...impending deal before the weekend. They hint that outside financial and legal advisers were the most likely culprits. The SEC probably will begin its probe by examining an options order for the right to buy 25,000 shares of Grumman stock before April 15 at $45 a share. The buyer paid 25 cents a share for the right, or $6,250. In the wake of the deal, the stock soared to nearly $55, meaning the value of the $6,250 stake had soared . to $231,250 in five days...

Author: /time Magazine | Title: Left Holding the Bag | 3/21/1994 | See Source »

...road to recovery. First he produced shows for New Orleans TV, among them a quiz program called N.O. It Alls, which he hopes to adapt for other cities. As his daughter's condition has improved, he has plunged back into his old world, this time as seller rather than buyer. "Anybody who has been in a position of power for 14 years," he observes, "says no far more often than he gets to say yes. And people remember those nos. I'm sure there are a lot of people who would be glad to see me under an overpass with...

Author: /time Magazine | Title: Return of the Slugger | 1/24/1994 | See Source »

...local savings and loan tycoon, % thought he needed a model home -- and the help of one of his Whitewater partners, Hillary Rodham, as she then called herself. In 1980 McDougal loaned her $30,000 to build, own and ultimately sell a three-bedroom ranch-style unit. When the buyer of the home later became insolvent, Hillary and her husband Bill Clinton bought the property out of bankruptcy and resold it in 1988 for $28,000 to its present owner. Last month the Justice Department began to subpoena documents pertaining to sales of Whitewater lots. But a well- placed real estate...

Author: /time Magazine | Title: The House That Hillary Built | 1/10/1994 | See Source »

Although it costs as much as a bottle of Perrier-Jouet brut, many wine lovers will consider the new (third) edition of Parker's Wine Buyer's Guide (Simon & Schuster; $40) an indispensable purchase. The nation's pre-eminent guru of grape, Robert M. Parker Jr., is writer-publisher of a plain-as-plonk (no ads, no pictures) bimonthly newsletter, The Wine Advocate. His trenchant opinions, as well as his still debated ratings of wine on a 100- point scale, are recycled into columns for the Prodigy computer network and Wine Enthusiast and Food & Wine magazines. They also feed...

Author: /time Magazine | Title: A Jeroboam of Collectibles | 12/27/1993 | See Source »

...those nonplused by Feldman's prior efforts, the walls of the tiny cubicle are adorned with a liberal smattering of pinups from which the adventurous cake buyer can supposedly seek creative inspiration...

Author: By Sarah E. Scrogin, | Title: Titillating Sweets | 12/11/1993 | See Source »

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