Word: foundered
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Dates: during 1980-1989
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...JERRY FALWELL, founder of Moral Majority and chancellor of Liberty Baptist College, Lynchburg...
...maker of evaporated milk, for about $3 billion, or $83 a share. The deal will produce the biggest non-oil takeover in history, and is expected to double Nestlé's business in the U.S. The transaction will provide a barrel of cash for the heirs of Carnation Founder Elbridge Amos Stuart, who own 35% of the firm...
...selective breeding is the Repository for Germinal Choice, of Escondido, Calif., which announced at its opening in 1980 that it would use sperm donated by Nobel prizewinners. The repository has received the cooperation of only three such prizewinners and now relies on donors of less than Nobel stature, but Founder Robert Graham is as enthusiastic as ever. "We're proud of our results," says he of the repository's 15 children. "These kids will sail through schools. We are indicating how good human beings can have...
...design of the automobile itself. Architects, though, have occasionally gone to the drawing board to produce their visions of a well-designed vehicle; in 1928 Le Corbusier and Pierre Jeanneret proposed a clever small car that was never produced. In the Annan's Parking '30s Bauhaus Founder Walter Gropius designed various solid-looking bodies for Adler luxury convertibles. American artists instead used standard models as a kind of canvas or armature. Examples: the aggressive Pegasus by James Croak, featuring a stuffed horse with paper wings crashing through the metal roof of another '63 Chevrolet; The Bicentennial Welfare...
...storms in the marketplace, Mindset Corp. in Sunnyvale decided to set sail. It announced its first personal computer in March, several years behind the competition. Result: though Mindset's IBM-compatible machine was well received, it has not found space in dealers' showrooms. Admits President and Co-Founder Roger Badertscher: "It has been a tough summer. We probably picked the worst time to ship a new computer." Mindset laid off its entire 42-person manufacturing staff in mid-July, and is now trying to clear its shelves and come up with a new product...