Word: inc
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Dates: during 1980-1989
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...first postwar Chancellor, hangs in solitary prominence on one wall. Outside the office of the present Chancellor, Helmut Kohl, gardeners, mow the lawn and vacuum the leaves shed by the towering oak trees that screen the building from the Rhine near by. In an interview with Time Inc. Editor in Chief Henry Anatole Grunwald and TIME Bonn Bureau Chief Roland Flamini last week, his first interview with a U.S. publication since taking office, Kohl spoke of his strong personal commitment to the Atlantic Alliance and of the need for a solid defense posture toward Moscow. Excerpts...
Originally, Satcom III-R transponders were rented by RCA to entertainment and programming companies for up to $1.5 million a year. But by July of 1981, four months before Satcom III-R was even launched, demand for space on the satellite had grown so hot that Landmark Communications Inc. of Norfolk, Va., which broadcasts round-the-clock weather forecasts, found itself having to pay a cool $10.5 million up front to acquire sublet rights on one of Satcom's transponders. The seller of the lease: Premier network, a failed joint venture of several Hollywood film studios...
...investors fumed, Canadian companies rushed in to buy the assets of U.S. firms in Canada, helped by generous financing from Canadian banks. In one of the biggest transactions, Canada's Dome Petroleum spent $3.2 billion acquiring Hudson's Bay Oil & Gas, a subsidiary of Connecticut-based Conoco Inc. In the nationalistic climate of 1980-81, Canadian companies spent more than $7.3 billion on the purchase of foreign-held assets, creating a massive drain on the economy. Severely compounding the problem, Canadians invested at least $19 billion in the U.S. during roughly the same period...
Including its 130-ft. pinnacle, the steel, granite and glass building will be 1,360 ft. high, rising far above the dense forest of downtown Houston's corporate towers. Its 82 stories will contain 2 million sq. ft. of rentable space. The developers, Southwest Bancshares Inc. and Century Development Corp., picked as their architect Helmut Jahn, 42, president of Chicago's Murphy/Jahn...
Ironically, one of the biggest single dangers for a start-up catalogue business is failure to prepare for the orders that can come flooding in. Warns Jerome Pickholz, president of Ogilvy & Mather Direct Response Inc.: "You just can't send out a catalogue and think, presto, you're a millionaire." Experts estimate that as many as half of all new catalogue ventures fail within two years...