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...Matter of Tailoring. Economically, the 880 was an ill-starred plane. Convinced that it would be first on the market with a medium-range jet, General Dynamics' Convair Division tailored the plane to the specifications of its first customer, unpredictable Industrialist Howard Hughes, who ordered 30 of the 880s for TWA. But when the planes were ready, it took Hughes a year to raise the money to pay for them. In the meantime, Convair lost an order for eleven more 880s from United Air Lines, which switched to a plane that Boeing had hastily tailored to United...

Author: /time Magazine | Title: Corporations: General Dynamics' Ordeal | 1/5/1962 | See Source »

...have been covetously eying the Zimbalist block. Newspaper and Magazine Publisher Samuel I. Newhouse offered Mrs. Zimbalist $20 per share for her common stock, but lost interest as its market value skidded from a 1961 high of 16⅜ to 9⅜. Although he publicly denies it, West Coast Industrialist Norton Simon, who got control of McCall Corp. in 1956, is reported to have thoroughly cased the prospect of buying the company. Other interested parties: ex-Senator William Benton, who made an early fortune in advertising and a later, larger one in the Encyclopaedia Britannica; and a Wall Street group...

Author: /time Magazine | Title: The Press: Prognosis: Available | 12/15/1961 | See Source »

Helmut Kautner's The Rest Is Silence is an especially futile example of the genre. This heavy-handed German film concerns a young Harvard philosophy professor who returns to a post-war, boom-time Germany, suspecting that his mother has conspired with an uncle to murder his industrialist father...

Author: By Joseph L. Featherstone, | Title: The Rest Is Silence | 12/12/1961 | See Source »

...macaroni. Achieving the "fondest dream" of his 70 years, would-be Basso Profundo Buitoni hired Manhattan's Carnegie Hall and packed it with friends and employees from his Hackensack, N.J., headquarters to make a rafter-rattling concert debut. Belting out arias from Rigoletto and Ernani, the Italian-born industrialist brought the momentous evening to a wildly bravoed climax by joining Metropolitan Opera Star Licia Albanese in a duet from Don Giovanni and smothering her with kisses as a reward for "carrying" him. "As Don Juan," appraised the New York Times, "Mr. Buitoni made up for the lack of power...

Author: /time Magazine | Title: People: Dec. 8, 1961 | 12/8/1961 | See Source »

Effervescing over the upcoming first season of her fledgling New York Mets, Major Stockholder Joan Whitney Payson, wife of Industrialist Charles Shipman Payson and sister of Publisher John Hay Whitney, assured an interviewer that her socially impeccable family had always confined its patronage to the National League. Single instance of backsliding: "The time that Wheaties was running a most-popular-player contest. Mother [the late Mrs. Payne Whitney] called the cook and asked her please to buy lots of Wheaties for the children and to clip the box tops so she could vote for Joe DiMaggio...

Author: /time Magazine | Title: People: Dec. 8, 1961 | 12/8/1961 | See Source »

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