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...when B.A.T. Industries of London decided to sell Saks Fifth Avenue, one of the most prestigious U.S. retailing chains. At least four potential buyers vied for the richly profitable company (estimated 1989 earnings: $111 million), which has 45 stores in such locales as Manhattan, Beverly Hills, and Palm Beach, Fla. When the winning bid of $1.5 billion was disclosed last week, the victor was Investcorp, a reclusive firm based in Bahrain that is becoming a powerful force in retailing...

Author: /time Magazine | Title: Just Who Are Those Guys? | 5/7/1990 | See Source »

...radar can monitor a smuggler's plane from soon after it takes off in, say, Colombia until it reaches the U.S. When a technician in Bangor sees an unscheduled flight over the Caribbean, the information will be relayed - to the Pentagon's Joint Task Force Center in Key West, Fla. An Air Force fighter will follow the suspect plane, and officers of the Customs Service and the Drug Enforcement Administration will be alerted to the mystery craft's course so that they can be on the scene when it lands. Says Air Force Colonel Jack Lenz, the OTH project manager...

Author: /time Magazine | Title: Science: The Long Arm Of Radar | 5/7/1990 | See Source »

...guarantee success within 48 hours." Their note also cited unspecified "reciprocal moves" that they expected from the U.S. That was too much for an Administration mindful of the Iran-contra debacle and determined to avoid being drawn into negotiations with the kidnapers. At a press conference in Key Largo, Fla., where he had flown to discuss European affairs with French President Francois Mitterrand, George Bush would not budge. "The U.S. position is clear," he said with a decided edge in his voice. "We do not meet demands...

Author: /time Magazine | Title: Games Captors Play | 4/30/1990 | See Source »

...FOOD OR THE COMPANY? Ever since the U.S. flew tottering Haitian President Prosper Avril into exile in March, the former leader's whereabouts have been a well-kept secret. Rumors targeted Boca Raton, Fla., New Orleans and the Washington area. Now the wife of a prominent Haitian businessman claims a close encounter. Leaving a restaurant in Miami Lakes, Fla., she suddenly screamed, "There is Avril!" Says her husband: "I went home and took a Maalox and a tranquilizer...

Author: /time Magazine | Title: Grapevine: Apr. 30, 1990 | 4/30/1990 | See Source »

...virtually insures a trip to the NCAA championships in Gainesville, Fla., next month...

Author: By Daniel L. Jacobowitz, SPECIAL TO THE CRIMSON | Title: Eagles Soar Over Drago-less Netwomen | 4/25/1990 | See Source »

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