Word: carl
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...biggest corporate brawl in history could be nearing an end. Thanks in part to the negotiating skills of TWA Chairman Carl Icahn, a settlement may be at hand in the epic legal battle between Texaco and Pennzoil. Since 1985 Texaco has been appealing a court order to pay Pennzoil $10.5 billion in damages as a result of a merger dispute. In April, Texaco filed for bankruptcy protection. Enter Icahn, who three weeks ago became Texaco's largest stockholder by boosting TWA's holdings to 12.3%. Icahn helped forge a deal between Pennzoil and a committee representing Texaco's shareholders...
...Smith- Alam, Melanie Stephens, Robert B. Stevens, Mary Themo; Arnold H. Drapkin (Consulting Picture Editor) Photographers: Eddie Adams, Terry Ashe, William Campbell, Sahm Doherty, Michael Evans, Rudi Frey, Dirck Halstead, Peter Jordan, Shelly Katz, David Hume Kennerly, Neil Leifer, Ben Martin, Harry Mattison, Mark Meyer, Ralph Morse, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Stephen Northup, Bill Pierce, David Rubinger, Antonio Suarez, Ted Thai, Diana Walker...
...more bluntly: "Retin-A won't do much for a prune." Indeed, some physicians wonder about the popularity of the drug at all. "The only thing I see Retin-A doing is irritating the skin and increasing the susceptibility to sun damage and thus to skin cancer," says Dr. Carl Korn of the University of Southern California Medical School. "To my eye, using four-times magnification, the effect is less than dramatic," notes Dermatologist Gabe Mirkin of Silver Spring, Md. "And on patients over 55, because the deep wrinkles so predominate, it's just not worthwhile...
...average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss so far on his ill-timed oil-patch foray: some $100 million...
...feel very good, very relieved," said Carl Gates, chief psychologist at the prison...