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...countries, Beatrice remains largely unknown to American consumers. It is the leading seller of potato chips in Ireland and a top vendor of ice cream in Spain. Beatrice also owns the largest supermarket chain in Paris. Its problem is that while profitable, the company has to devote a large chunk of its cash flow to covering its debt. In the meantime, bigger and badder global competitors, including Nestle and Unilever, are moving in for the kill...

Author: /time Magazine | Title: A WOMAN'S TOUCH | 10/28/1996 | See Source »

...upper-class women, does a big chunk of money necessarily make up for the loss of social status. "It's more than just divorce from the husband," explains Manhattan lawyer Raoul Felder, whose clients have included Mrs. Martin Scorsese, Mrs. Huntington Hartford and Mrs. Mike Tyson, and who is currently representing the seventh Mr. Elizabeth Taylor, Larry Fortensky. "It's divorce from the star aura. I've seen the diaries that some of these first wives kept when they were married: 'We're meeting Dr. Kissinger here. Dinner at Martha Stewart's.' And suddenly it all ends. People gravitate toward...

Author: /time Magazine | Title: HELL HATH NO FURY | 10/7/1996 | See Source »

Vinik typified the dual problem Fidelity has struggled with recently. On the one hand, it has had to contend with disappointing performance; on the other, it has come under criticism for being too unpredictable in its investments. Magellan underperformed because Vinik put an enormous chunk of the fund in bonds, believing that stocks were overvalued. Stocks kept going up, and Magellan's relative return suffered. The results numbers aside, there was the question of what Vinik was doing investing so heavily in bonds in the first place, since Magellan is supposed to be a diversified stock fund...

Author: /time Magazine | Title: NED JOHNSON AND FIDELITY: THE MONEY MACHINE | 9/30/1996 | See Source »

...very least, the whole scene presents a play on the entire museum setting: just as you lean to examine one of the preparatory sketches, it becomes clear that an unlabelled scratched-up chunk of metal with no pedestal whatsoever is cowering before your feet. The process of stopping, side-stepping and viewing again lends a jerky mechanical rhythm to the experience that becomes inseparable from the act of appreciating each work individually...

Author: By Nicolas R. Rapold, | Title: Rabinowitch Steams Up the Fogg | 9/26/1996 | See Source »

...sweetener market profitable for ADM by championing the sugar price-support program. ADM is the world's largest producer of high-fructose corn syrup, a sugar substitute; the higher sugar prices have soared, the more ADM has been able to charge for its product while still capturing a sizable chunk of the sweetener market. The syrup accounted for about 10% of ADM's total revenue last year and 30% of its profits, analysts estimate. A government study calculates that by keeping the price of sugar higher in the U.S. than in the world market, the sugar program Dole has fought...

Author: /time Magazine | Title: THE CORPORATE DOLE | 9/23/1996 | See Source »

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