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Finally, Coca-Cola's setbacks have extended even to outer space. Coke and Pepsi were aboard the latest flight of the space shuttle Challenger, but at a press briefing last week the astronauts said that neither soft drink was satisfying. Reason: the spacecraft has no refrigerator. Said Mission Commander Gordon Fullerton: "Warm cola is not on anybody's list of favorite things." --By Barbara Rudolph. Reported by Leslie Cauley/Atlanta, with other bureaus

Author: /time Magazine | Title: Tempests in a Pop Bottle | 6/21/2005 | See Source »

While the rest of America sat watching New Year's Day bowl games on TV on Jan. 1, 1984, Getty Oil Scion Gordon Getty and J. Hugh Liedtke, chairman of Pennzoil, shook hands on a $5.3 billion merger. In Getty's luxurious New York City apartment overlooking Fifth Avenue, Liedtke agreed to pay $110 a share for 43% of Getty Oil. Five days later, Getty's board of directors approved a deal--but not with Pennzoil. Between Jan. 1 and Jan. 6, Texaco Chairman John McKinley had made a bold $125-a-share bid for Getty, and Getty's board...

Author: /time Magazine | Title: Texas-Size: Pennzoil wins $10.5 billion | 6/21/2005 | See Source »

...vowed to fight his decision if it does not get a favorable judgment, and the case could eventually go to the Supreme Court. Whatever the outcome, last week's ruling is likely to make companies and corporate raiders more cautious about the tactics used in megabuck merger negotiations. --By Gordon M. Henry. Reported by Dean Brelis/New York and Gary Taylor/Houston

Author: /time Magazine | Title: Texas-Size: Pennzoil wins $10.5 billion | 6/21/2005 | See Source »

...believe it," he says. "It's all out of proportion to anything we've seen." By contrast, Washington Lobbyist Andrew Eiva, executive director of the Federation for American Afghan Action, says that his organization has found "up to 70% slippage" in CIA supplies. New Hampshire Republican Senator Gordon Humphrey, who heads the congressional caucus on Afghanistan, contends that the Administration simply does not know the extent of the leakage. The CIA has only "a handful" of people in Pakistan monitoring the pipeline. "That's not enough," says Humphrey. "It's impossible for them to know...

Author: /time Magazine | Title: Pakistan: Leaks in the Pipeline | 6/21/2005 | See Source »

...Director Gordon Davidson gives the play a bristling, relentless staging, with full awareness of the comic possibilities in Dick Cheney's glum realism and Donald Rumsfeld's chipper heedlessness--and of the shadowy hints of tragedy in Colin Powell's ambiguous role. Stuff Happens may be overlong, but it is often very good theater--especially when it is, as it were, on the record, re-creating the known absurdities (and apparent lies) of Establishment figures enabling a mysteriously driven leader. Power, in this play, does not exactly corrupt, but it does render people giddy with their essentially unchallenged ability...

Author: /time Magazine | Title: Theater: The George and Tony Show | 6/12/2005 | See Source »

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