Word: ltd
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Dates: during 1970-1979
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...techniques as international telephone hookups, bidding by closed-circuit TV, the gala evening sale crammed with formally clad celebrities, assiduous ballyhoo and greatly increased sale schedules. More recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin, the Earl of Westmorland, who is an equally...
...could eventually produce 4 million bbl. a day, or enough to replace half of the nation's present oil imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum Ltd. brought in a 20,000 bbl.-a-day strike, the biggest ever made in Canada. But huge expenses (Dome's well cost $70 million), heavy ice, storms and temperatures as low as - 60° F are only some of the hazards confronting U.S. development of the Beaufort Sea. An all-too-familiar...
...Thomson executives felt they could force the anarchic print unions into line within several months, at the outside, but they underestimated the complexity of the task and the resiliency of their adversaries. A final agreement was not reached until last week, just hours before the deadline Times Newspapers Ltd. Managing Director Marmaduke Hussey had implicitly set for closing the papers for good...
They had never met, never corresponded. But on opposite sides of the Atlantic, U.S. Physicist Allan Cormack, 55, of Tufts University, and Research Engineer Godfrey Hounsfield, 60, of the British firm EMI Ltd., brooded over the same mathematical puzzle and independently reached the same solution. The puzzle: how to produce an X-ray image of tissue at any depth within a patient. The result: the CAT (for computerized axial tomography) scanner, a medical marvel now used in hospitals round the world. Last week the two scientists learned that they have something else in common: they will share the 1979 Nobel...
...Howard Johnson chain of restaurants and motor lodges is going British, at least in terms of ownership. Chairman Howard B. Johnson, 47, announced last week that an agreement in principle had been reached to sell the chain's 1,040 restaurants and 520 motor lodges to Imperial Group Ltd., a tobacco, food, beer and packaging conglomerate whose famous brands include Players cigarettes and Harp lager. The bundle from Britain will be $630 million, or about $28 per share for each of the U.S. firm's approximately 22.5 million shares; just before the announcement the stock was selling...