Word: chain
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...gold loops in the chain will be some 1,000 celebrities, including Kenny Rogers, Bill Cosby, Lily Tomlin and Pete Rose, the four co-chairmen. Organizers stress, however, that "this is a people's event." A North Dakota radio station is sponsoring an essay contest that will reward winners with transportation down to the line. A chili cook-off is planned along the route in Texas. Members of the feuding Navajo and Hopi Indian tribes have got together to endorse the event. Along a ten-mile stretch in New Mexico, thousands of hot-air balloons will ascend simultaneously. The chain...
...that damaging press statements about them are false. The action struck down rules in Pennsylvania and eight other states that had put the burden of proof on media defendants to show the statements were true. The case arose when Maurice Hepps, principal owner of a beverage- and snack-retailing chain, sued the Philadelphia Inquirer for reporting that his chain might be connected with organized crime. For the majority, Justice O'Connor acknowledged that the decision would cause plaintiffs to lose when "evidence is ambiguous," but she concluded that the "Constitution requires us to tip" toward protecting speech. Justice John Paul...
...York and part of New England, last week made a major diversification move by agreeing to buy IBM's 81 computer retail outlets for an estimated price of from $125 million to $150 million. Nynex plans to merge the stores with the 19 branches of its Datago computer chain. The newly named Nynex Business Centers will be the seventh-largest computer retailer...
...most aggressive of Ma Bell's offspring has been Philadelphia-based Bell Atlantic. Its businesses outside the basic telephone field, which include a computer-repair chain and a financing operation, accounted for $427 million of the company's $9.1 billion in revenues for 1985. Bell Atlantic executives hope to branch out even further, by entering the property-and-casualty insurance business...
...Francisco-based Pacific Telesis has established a significant presence in several new markets. It owns a small computer retail chain and publishes city tourist guides. A year ago, the firm agreed to buy Communications Industries, which markets radio paging equipment and car phones, for $431 million. It is the most expensive acquisition--some industry analysts have called it too expensive--yet made by one of the Baby Bells. As a result of the purchase, Pacific Telesis should generate $800 million of its expected $9.4 billion in revenues this year through ventures other than local telephone service...