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Lorenzo quickly acquired 48.5% of Continental's stock. In one hectic day of trading, he bought 830,000 shares of Continental just 30 min. before the market closed. The Continental-Western merger was dead, and a bitter takeover battle between Continental and Texas International was under way. In April two veteran Continental pilots proposed that company workers buy a majority of the firm's stock through an employee stock-ownership plan. Though skeptical of the plan at first, Feldman soon threw his support behind it in a last-ditch effort to stop Texas International. Lorenzo immediately challenged...
Most of the observations will be aimed at answering questions raised by the earlier flight, with special emphasis on the rings. During one 13½-hr. period, for instance, Voyager 2's cameras will be taking pictures every 3.2 min. The movie-like sequence should not only show the formation and disintegration of the spokes during each rotation but also help explain what forces are acting on them. One theory: the spokes are in fact composed of dustlike particles lifted out of the thin ring plane by electrostatic forces perhaps created by the faint light of the distant...
Just before the June 22 deadline, Lewis offered a $40 million package of improvements. It included a 10% pay hike for controllers who also act as instructors, an increase in the pay differential for nighttime work to 20%, from the present 10%, and a guaranteed 30-min. lunch period (controllers often munch sandwiches at their scopes when there is too much traffic for a break). Poli found the package insultingly stingy...
...twelve-seat ice-cream parlor in the Glover Park section of Washington, D.C., has, in the words of one fascinated observer, "intentionally or unintentionally created a kind of hole-in-the-wall chic." It sure has; suburbanites frequently drive an hour each way to stand in a 20-min. line in front of Bob's and pay 950 for a cone and $3.75 for a quart of apple-peanut butter, banana mango or mocha almond. People buy Bob's Kahlua for $17 per gal., and some have spent $40 to airfreight it across the country. Owner Bob Weiss...
...make your own ice cream, especially with the new Waring Ice Cream Parlor. It used to be such a hassle to chop up the ice and to find the coarse salt, but now you can use plain ice cubes and table salt, and it only takes 20 or 30 min. to freeze. I have a very nice sour cream recipe that features whole eggs, sugar, vanilla, and sour cream in place of fresh cream. I also do a fresh fruit sherbet. When Bartlett pears are in season, they have the best flavor. Fresh strawberries and raspberries are easy...