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...planning to shift production abroad to avoid further exchange-related losses. Victor Co. of Japan will begin producing videocassette tapes in Tuscaloosa, Ala., this fall, and plans to double production of audio equipment at its Singapore plant. Says Darrel Whitten, associate director of research at Bache Securities (Japan) Ltd.: "The strong yen will accelerate this tendency to rely on overseas production, just as the strong dollar helped push American manufacturing and assembly overseas...
...whose family has run the Daily Telegraph (circ. 1.2 million) since 1928. In June Hartwell assembled a $156 million package to pay for both modern printing plants and severance for hundreds of his workers. Faced with a money squeeze this month, Hartwell sold a 35% stake to Hollinger Argus, Ltd., a Toronto-based mining firm owned mostly by Conrad Black, a Canadian tycoon whose holdings range from radio stations to supermarkets. Black, who had acquired 14% of the shares in June, ended up winning control of the paper. Though Hartwell remains chairman and editor in chief, Black has appointed Andrew...
Though inconclusive, the French tests prompted the U.S. subsidiary of Sandoz, Ltd., the Swiss-based manufacturer of cyclosporine, to announce that it would soon begin tests of the drug in American AIDS patients. Said Max Link, who heads the subsidiary: "Only well-controlled, long-term investigations will answer the question of whether Sandimmun could play a role in the treatment of AIDS...
...Entrepreneur Charles Rolls in 1904 at Manchester's Midland Hotel, and the first Silver Ghost was on the road three years later. Rolls died in an air crash in 1910, but Royce went on to launch the posh Phantom series in the 1920s and to acquire Bentley Motor Ltd. in 1931, two years before his death...
Derrick Towns, 19, a freshman at Chicago's North Park College. Could Towns have made it to school without Assistance Ltd.? "I'd be working at a Burger King, maybe, or anything I could get," he replies. Another big winner: Roskam, who just learned that Assistance Ltd. this month will receive a special citation from President Reagan's program for private sector initiatives...