Word: firming
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Dates: during 1980-1989
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...very confident," Wise says from his firm's small suite of offices in this affluent suburb. "1990 is going to be the inflection point for us, when this really takes...
Although the firm prospered, the chickens and the lenses were still on Wise's mind. Three years ago he sold his company for several million dollars and set out to pursue his dream full-time...
...Hungary. Travelers trying to cross at five border points were turned back, possibly to prevent any disruption of a party Congress this week. With the Soviet Union now encouraging the reforms that felled other hard-line rulers, the tyrannical Ceausescu last week turned to China for support in standing firm. The tide of reform is not likely to reach Bucharest so long as its despotic leader survives. Any Rumanian bold enough to speak out is beaten, harassed or imprisoned. Says Jane Ingham, a Rumanian specialist in England: "The regime is so oppressive that no opposition movement is able to exist...
...buzz word for the 1990s, especially in the entertainment business these days, is global. Paramount Communications last week announced that it had taken a major step in that direction by purchasing a 49% stake in the British firm Zenith, Europe's leading independent television programmer. A subsidiary of Carlton Communications, Zenith last year produced such dramas as The Paradise Club and Inspector Morse in Britain, as well as the romantic comedy Finnegan Begin Again...
...month battle over the services of Peter Guber and Jon Peters, the megahit producers of Batman and Rain Man. Warner agreed to release Guber, 47, and Peters, 44, from a five-year contract, thereby permitting Sony to hire the pair to run Columbia Pictures Entertainment, which the Japanese firm is acquiring for $3.4 billion. In return, Sony ceded entertainment assets to Warner Bros. that analysts estimated could be worth between $400 million and $600 million. "Sony has paid the most extraordinary price in history for management talent," said Alex Ben Block, editor in chief of the industry newsletter Show...