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...Silver Triangle in downtown Denver is a 20-square-block collection of parking lots, seedy hotels and aging, rundown stores. But a few months ago, the area started blossoming with bright green and white signs reading: ACQUIRED FOR CLIENTS. KNOWLTON REALTY, LTD...

Author: /time Magazine | Title: Canadian Firms on the Prowl | 2/16/1981 | See Source »

...Aluminium, Seagram and Massey-Ferguson have been selling south of their border for decades. But the big push started in the 1970s. Over the past decade, Canadian entrepreneurs have bought U.S. newspapers, drugstores, cable television franchises, office towers and oil-drilling leases. Just last month Hiram Walker-Consumers Home Ltd. of Toronto paid more than $600 million for about 60% of Denver Wildcatter Marvin Davis' oil empire, including wells in Wyoming, Oklahoma, Louisiana and Texas that daily produce 4,000 bbl. of crude and 40 million cu. ft. of natural...

Author: /time Magazine | Title: Canadian Firms on the Prowl | 2/16/1981 | See Source »

...most visible Canadian investors are real estate companies. Toronto's Olympia & York Developments Ltd. owns 11 million sq. ft. of prime office space in Manhattan and recently won a competition to develop 6 million sq. ft. more in New York's Battery Park City. Another Toronto company, Cadillac Fairview, is now the largest single developer of luxury condominiums in the Miami area, having close to $300 million worth of housing under construction...

Author: /time Magazine | Title: Canadian Firms on the Prowl | 2/16/1981 | See Source »

...Sales in 1980 declined an estimated 12%, while Japanese imports climbed nearly 30%. Thousands of workers were laid off or had their hours cut back last year, and losses by major car manufacturers are staggering. France's Peugeot S.A. lost an estimated $33 million in 1980, and BL Ltd. (formerly British Leyland), maker of Triumph and Jaguar, ran $960 million in the red. In fact, BL Ltd.'s very existence depends on its receiving $2 billion in government aid to help pay for development and introduction costs of a new 59 m.p.g. Mini-Metro model...

Author: /time Magazine | Title: Slippery Roads | 1/12/1981 | See Source »

...humor glinted with a fine, hard intelligence and had a mocking, satirical edge. He also had a sharper way with the language." Porterfield next encountered Lennon in 1968, when he and Paul McCartney were in New York to announce the formation of their own record label, Apple Corps., Ltd. Porterfield, who had written a TIME cover story on the group the year before, was again struck by Lennon's patience and courtesy. Three years later, Porterfield sat in Apple's London headquarters listening to Lennon speak with bitterness about the breakup of the Beatles. Says he: "John...

Author: /time Magazine | Title: A Letter From The Publisher, Dec. 22, 1980 | 12/22/1980 | See Source »

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