Word: diamond
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...next day Khashoggi called his wife Lamia into his all-white bedroom to give her a $1.9 million diamond, emerald-and-ruby necklace. "Oh, Baba!" (Arabic for "father") she exclaimed when she saw it. His ex-wife Soraya, who presented her husband with a $2.5 billion divorce suit seven years ago that was resolved amicably, was also at the house: she got a less expensive ruby necklace. Christmas was relatively quiet this year, said Khashoggi, because the family is still grieving the death of his sister in March...
...special qualities about Matthews' paintings is that they can be hung in a variety of ways; upside down, sideways, and askew. One work hung as a diamond, the other a square. Even as he was showing the paintings, Matthews fiddled with their positions, rehanging both as squares. "See, it is a whole different picture," he says. "You get tired of paintings. With these you can hang them new ways to get new pictures. You can't do that with landscapes," Matthews, a collector himself, says...
...longer. Britain's second largest bank last week announced it was selling its share of Barclays National, South Africa's biggest commercial bank, for $116 million to a consortium of South African firms, including Anglo American, a diversified mining and manufacturing company, and the De Beers diamond concern. The divestiture, which followed a gradual reduction of the British bank's holdings in Barclays National to 40.4% by last year, was made in the face of rising worldwide sentiment against apartheid and doing business in South Africa. Said Sir Timothy Bevan, chairman of Barclays: "I'm not a coward...
Among them were January 1985 merger talks between Diamond Shamrock, a Dallas energy firm, and Occidental Petroleum -- discussions that subsequently broke off. Another case is said to involve T. Boone Pickens' February 1985 takeover bid for Unocal. Pickens eventually backed away after Unocal bought up his holdings in the company. Analysts estimate that he broke even on the takeover bid. Yet another situation reportedly involves a successful June 1985 offer by the voracious Wickes for Gulf & Western's consumer- and industrial-products group, which manufactures such products as Simmons mattresses and Burlington hosiery...
...Chevy Novas for GM. Ford, which since 1979 has owned 25% of Mazda, has agreed to buy up to 50% of the output of that company's Michigan plant, to be sold as part of the Mustang series. Chrysler and Mitsubishi have a joint project known as Diamond Star, which will begin building cars in Bloomington, Ill., by late...