Word: corp
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Dates: during 1970-1979
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...outrageous" fad, and a number of dermatologists back him up. Some doctors explain that Preparation H works on the face by slightly irritating the skin, thus causing enough swelling to minimize small wrinkles; continued use, they warn, may accelerate skin aging by causing inflammation and scaling. American Home Products Corp., which produces Preparation H, has no comment on its unorthodox use. But physicians warn that like any other medication, it should be used only as directed-and the face, they point out, is not the part of the anatomy mentioned in the instructions on the label...
...London Daily Telegraph's man in Tehran; and Loren Jenkins, 36, Newsweek's Hong Kong bureau chief, refused to pledge submission and were hustled out of New Delhi at dawn Tuesday on a Beirut-bound Pan Am flight. The New York Times, TIME, the British Broadcasting Corp. and CBS-TV also turned down the pledge. Said Richard Salant, president of CBS News: "If we sign, we are either lying or submitting to their rules for bad journalism." A few reporters from United Press International, Associated Press, Reuters, the Los Angeles Times, ABC and NBC indicated that they were...
...high-flying Xerox Corp. was so anxious to get into the computer business that it paid more than $950 million in stock to buy Scientific Data Systems, a California-based mainframe maker. Now the copying-machine giant is just as anxious to get out; last week it announced that it would stop making basic computers over the next year or so, thus joining the list of corporate giants that have failed to dent the computer market dominated by IBM (others: General Electric, RCA). Xerox deducted from second-quarter earnings $84.4 million in estimated costs for discontinuing the computer business, reducing...
...Hermitage Museum, and it has one of the world's best and most encyclopedic collections, though it is also cluttered with much second-rate stuff. The Soviets have been reluctant to lend their treasures. Two years ago, Art Collector Armand Hammer, who is also chairman of Occidental Petroleum Corp. and a tireless promoter of business deals with the U.S.S.R. (TIME, Jan. 29, 1973), arranged for the first showing in the U.S. of a group of Hermitage paintings, all French impressionist and post-impressionist works. This spring Hammer persuaded the Soviets to send over 30 paintings more widely representative...
...Exxon Corp. last year passed General Motors to become the nation's largest corporation in terms of sales. Now, so far as the public record shows, it also leads in making secret payments to foreign officials. Last week Exxon executives conceded to the Senate Subcommittee on Multinational Corporations that between 1963 and 1971, an Italian affiliate had spent from $46 million to $49 million to gain such political favors as favorable treatment of refinery licenses, levies on gasoline and heating oil, and other tax legislation. That sum far exceeds the political payments revealed by other U.S. corporations such...