Word: eastmans
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...nearly a century the name Eastman Kodak has been almost synonymous with photography. But in recent years the Rochester company has branched out into fields as far-ranging as computer disks and batteries. Last week Kodak made its most sweeping diversification move yet. The firm agreed to pay $5.1 billion to acquire Sterling Drug, the maker of such popular products as Bayer aspirin and Lysol cleaners. New York City-based Sterling welcomed the agreement as a way of escaping a takeover bid by F. Hoffmann-La Roche, the Swiss drug company...
...also struggling to create a repertory, which previously had consisted largely of transcriptions and arrangements. Stevens has performed more than 25 new works and commissioned an unaccompanied solo piece from John Corigliano. Slowly, the musical world is getting the message. In recent seasons, Stevens, a graduate of the Eastman School of Music who lives in Asbury Park, N.J., has been booked for as many as 50 performances, and audience reception has been enthusiastic. Says Stevens: "I'm doing everything I can to legitimize the marimba, get it respected and heard as a classical instrument." Everything, that is, except the mambo...
...portfolio, since the London Exchange had not fared as badly as Wall Street. But even as Lynch was deciding what to sell, he was overcome by a bold urge to buy. "I was expecting a major rally the next day," he says. Prominent on his shopping list were Merck, Eastman Kodak and Pacific Telesis...
Finally, no sampling of cookbooks would be complete without one of the genre's inevitable celebrity offerings. A typically vacuous entry this season is The Jill St. John Cookbook (Random House; 259 pages; $19.95), a bit of fluff that begins with the actress's expression of gratitude to Eastman Kodak for providing film and processing. "Thanks, Kodak!" she says, and well she might, for the collection of glistening photographs, mostly of the monthly food columnist herself, are this volume's main, albeit limited, attraction...
...Buyers include giant conglomerates like the Premier Group, which purchased Dow Chemical's subsidiary, and smaller firms like Northern Engineering, which acquired Eaton's operations. Other U.S. divisions have been sold to the white South Africans who managed the subsidiary or to foreign firms. Only a few companies, including Eastman Kodak, have completely shut down their operations...