Word: goldings
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Descendants of Levi Strauss, the California gold-rush jeansmaker who founded the world's largest apparel manufacturer, announced in San Francisco last week that they are "exploring" a move to recapture full family ownership of the company, by taking it private in a $1 billion-plus leveraged buyout. The move is led by Robert D. Haas, 43, the Levi Strauss president and a great-great-grandnephew of the firm's founder. Haas claims the backing of other family members who own some 40% of the outstanding Levi common stock. They wish to purchase the rest, which has been issued since...
...Oppie ahead of time to explain what was going on. And while we were negotiating, a guy from the lab grabbed the films and went to L.A. with 'em, 'cause that was the only place in the country where they could be processed. It turned out we really struck gold with those pictures. We got it. After that we settled the business, and gave copies to Groves. When the war was over, Oppie gave me the originals, and I'd let people...
...afterward complimented her young opponent: "I think Zola ran a good race tonight. I'm glad that she was competitive." But tougher competition may still be waiting down the road. Among the top runners missing from Saturday's race was Rumania's Maricica Puica, who won the Olympic Gold Medal in 8:35.96, 3 sec. slower than Slaney's time last week. Budd, who had predicted before the race that she would lose, was glad to see the rematch over. "It has taken a lot of pressure off both of us," she said, adding that it would be at least...
...years he lived in an old houseboat and drove a $600 used Mercury. He has made millions from finds smaller than the Atocha, some of them wrecks of its sister ship, but he has spent millions looking for the Atocha. Now he wears an estimated $12,000 worth of gold around his neck, including a Spanish doubloon, and he drives a Cadillac...
...vindication of its policy of constructive engagement, were too much for Afrikaner hard-liners but not nearly enough for black political leaders of any persuasion. Unhappily for the government, the reforms coincided with a deepening economic crisis, the worst, in some Johannesburg analysts' view, since 1929. The price of gold, which provides more than 50% of South African export earnings, has held stagnant since 1983, and inflation (now 16%) and unemployment (estimated at 8.4% among the work force) were on the rise. The recession hit blacks hardest, and under the twin pressures of economic squeeze and political dissatisfaction, violence flared...