Word: hottest
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...dollar business- takeover game sought advice and protection. Said a nervous Manhattan brokerage executive: "Everyone is scared to read the newspaper in case his name might be in it." Similar jitters struck in Los Angeles, where guards carefully screened visitors to the offices of one of the country's hottest investment firms, now the focus of curiosity and controversy...
Their name may not seem to fit the gilded 1980s, but junk bonds have proved to be the hottest and most controversial financial instruments of the era. These low-grade, high-interest bonds have enabled corporate raiders to raise billions of dollars for ventures that have reshaped American business. Yet most investors have had persistent reservations about the safety of the securities. One concern is that too much of the underwriting and trading in junk bonds has been handled by just one firm, Drexel Burnham Lambert (last name pronounced Lamb-bear), which controls 50% of the market. If that...
During the early 1980s, video shops were the hottest gambit for do-it- yourself entrepreneurs. "It seemed to be an easy-to-operate business, and the amount of money needed to establish it wasn't that great," recalls Walter Rosselle of North Hollywood, Calif., who is planning to sell his shop after 2 1/2 years in business. Because of newly arrived competitors, his daily tape rentals have dropped from 130 to about 75. A survey of 1,200 video stores conducted in January by the trade publication Video Store showed that 28% of the merchants were dueling with another store...
...equally adept at prying open a wild croc or a can of Foster's. But ask Paul Hogan how he feels about the success of his first film, "Crocodile" Dundee, and he's likely to sound like the laid-back grandpa he is rather than the hottest actor to come up from Down Under since Mel Gibson got his driver's license. "We're doing real well," deadpans the self-described former pub lout. "And I'm feelin' real well." Bet you are, mate. The story of a crocodile poacher who trades the dangers of the Australian Outback...
...direct reflection of the Japanese design innovation of the past decade, especially the work of the formidable Rei Kawakubo. Gigli has simplified and styled down many of Kawakubo's more cerebral inventions for her Comme des Garcons line, added a dash of Milanese insouciance and found himself among the hottest designers in the marketplace since his first show in March 1982. Gigli, who dislikes being photographed, firmly resists intimations of Japanese influence. When he remarks, however, that "my clothes have no shape when they're on the hanger, but they take on shape when they're worn," there are distinct...