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...number of entrepreneurs specialize in returning old models to pristine condition. J. Orion Brunk, founder of Beverly Hills Mustang, Ltd., has an eight-week waiting list of buyers. A network of sleuths buy old Mustangs and parts for Brunk, and he has an agreement with Racing Car Designer Carroll Shelby to turn old 1966 models into souped-up Shelby Mustangs. Price of the new Shelbys: $40,000. Detroit cannot keep its hands off a winner, though, and the classic Mustang died after 1968-of obesity. Ford gradually fattened the car, boosting its size, adding 584 Ibs. to its weight...
Thomson argued that his ultimatum is necessary because of the papers' unruly and often anarchic unions. In 1978 alone, 74 work stoppages cost the papers $5.6 million. That year Thomson offered eight unions, representing some 4,000 employees of Times Newspapers Ltd., generous boosts in wages and benefits-if they would agree to gradual implementation of laborsaving technology, a new, fast-acting disputes procedure and a guarantee of uninterrupted production. When some unions balked at the compromise, Thomson suspended publication of both papers for eleven months during 1978 and 1979, a shutdown that cost the company some $82 million...
...result is that people talk and read more about music than ever before. For the most compulsive of these, the publication this month of the 20-volume sixth edition of The New Grove Dictionary of Music and Musicians (Macmillan Publisher's Ltd.) is a great event. Since 1890 Grove has been the last word on music, at least in the Anglo-Saxon world. The initial edition was titled A Dictionary of Music and Musicians by Eminent Writers, English and Foreign. The word "foreign" was a bit patronizing; of the 118 contributors listed in that four-volume edition, 102 were...
...fugitive Financier Robert Vesco, 44, however, boating is only a pastime. He devotes his main energies to trying to quash federal indictments that charge him with looting an estimated $224 million from Geneva-based Investors Overseas Services, Ltd., in the early 1970s, and then trying to stifle an SEC inquiry into his activities by illegally donating $200,000 to Richard Nixon's re-election campaign. (Former Attorney General John Mitchell and Campaign Finance Chairman Maurice Stans, who were indicted along with Vesco, were acquitted in 1974. Though Vesco is safe from extradition from the Bahamas, where he fled...
Some companies now bring out a new corporate tie as regularly as they break out cigars after the announcement of a successful earnings report. Says John C. Moran, president of Manhattan's Hampton Hall Ltd., one of the leading corporate tie makers: "They are used to introduce a new installation or a new product or sometimes a new logo, for company anniversaries or as part of a sales campaign." Philip Morris ordered up a tie with a percentage sign on it, as the symbol of a sales convention that had the theme "It's all a percentage game...