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...been successful, losing $1.3 billion in the past eleven years. IBM eventually bought out Aetna and Comsat. Despite that setback, IBM has continued to push ahead into telecommunications. Last year it bought Rolm, the third-largest maker of telephone switching equipment, for $1.2 billion. IBM and Merrill Lynch have created International MarketNet, a service that supplies information to the financial community. And IBM has joined Sears and CBS in a venture called Trintex, a two-way videotex service for home computers...

Author: /time Magazine | Title: Star Wars of a Different Kind | 7/15/1985 | See Source »

...graduate of M.I.T. and a for mer Merrill Lynch commodities trader, Markowitz set up his own offices in Washington, New York and Chicago during the early 1980s. A profile published in the Wall Street Journal said that associates described him as "a short, overweight young man who liked to wear jeans and deck shoes to the office and who didn't always pay attention to business details." His empire started to collapse in 1983, when the Internal Revenue Service became suspicious of his dealings...

Author: /time Magazine | Title: Bogus Shelters for the Stars | 5/6/1985 | See Source »

...think it's really a very big deal," said Cathleen Lynch, a staff person on the Education Committee, which gave the bill a favorable report last week. The spirit of the bill is already followed by most schools, she added...

Author: By Jonathan M. Moses, | Title: Senate Debates Religious Days; Bill Mandates Make-up Exams | 4/23/1985 | See Source »

...Lynch said the bill will most likely pass. Bachrach was more cautious and made no predictions...

Author: By Jonathan M. Moses, | Title: Senate Debates Religious Days; Bill Mandates Make-up Exams | 4/23/1985 | See Source »

...free to do commercials for products that did not compete with Wendy's hamburgers, and spaghetti sauce certainly does not. She was even given general clearance by Wendy's to do a pitch for Campbell, but then Wendy's saw it and beefed. Said Denny Lynch, a vice president of Wendy's: "Clara can find the beef only in one place, and that is Wendy's." Then he added, "We don't have a beef against Clara or Campbell. We love her and we are sad to see her go." To which Peller responded poppycock, or, more to the point...

Author: /time Magazine | Title: Investments: An Affirmative Action | 4/1/1985 | See Source »

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