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...radio stations soon emerged as a communications king. In 1951, with a generous loan from the state-owned Philippine National Bank, he bought Asia's largest sugar refinery, the Binalbagan-Isabela Sugar Co., Inc. Last year, after expanding the Lopez holdings to include more sugar mills, a cement company and a jute-bag plant, the brothers pulled off their biggest coup. Worried by a campaign against foreign ownership of Philippine utilities that was sparked by the Lopez-owned Chronicle, the U.S.-owned General Public Utilities Corp. decided to sell off its big, well-run Manila Electric Co. Head...

Author: /time Magazine | Title: World Business: Assault on the Powerful | 9/7/1962 | See Source »

...Business. In the past, when confronted with reform administrations, Philippine businessmen have pulled back a little and waited for normalcy to return. Adhering to this tradition, Eugenio Lopez agreed to sell off for $9,000,000 the Philippine Planters Investment Co., the holding company that controlled the Lopez sugar, cement and jute interests. Buyers: a syndicate of Philippine and U.S. investors headed by Vincent Checchi, a Washington, D.C., management consultant. The Philippine government gave its approval. But President Macapagal was not finished with the Lopez brothers. Fortnight ago, the government brought charges of personal income tax evasion against both brothers...

Author: /time Magazine | Title: World Business: Assault on the Powerful | 9/7/1962 | See Source »

Radiant and wiggly in a silk dress and smiling sweetly at 700 howling fans, Sophia Loren, in that most hallowed of Hollywood rites, pressed her palms into the gooey cement before Grauman's Chinese Theater. She followed up with her footprints, pressed in with a twist, and then as a fillip below her signature, scrawled an Italian motto: Solo per sempre−only forever...

Author: /time Magazine | Title: People: Aug. 3, 1962 | 8/3/1962 | See Source »

...small contractor in Phoenix. One day, when he was working on the construction of a new grocery store, his paycheck bounced, and his employer disappeared. The grocer asked young Webb to take over the job, and the Del E. Webb Construction Co. was born. Its total assets: one cement mixer, ten wheelbarrows, 20 shovels and ten picks...

Author: /time Magazine | Title: Modern Living: Man on the Cover: DEL WEBB | 8/3/1962 | See Source »

...than Fellow Test Pilot Joe Walker (TIME, May11). White is the most serious flyer in the X-15 group. He and his pretty wife Doris live with their three children (one son, two daughters) in a three-bedroom house at Edwards Air Force Base, four miles from the green cement-block flight-operations center where White flies a desk when he is not jockeying X-15s and jets. They entertain only infrequently, take off for the Los Angeles beaches every chance they...

Author: /time Magazine | Title: Space: Inside the Sky | 7/27/1962 | See Source »

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