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To cut overhead further, Nevin sold the Firestone Plastics Co. to Occidental Petroleum for $200 million, omitted two dividends to shareholders, peddled two luxury corporate jets and put the Firestone Country Club up for sale. Says Nevin: "After cutting 24,000 jobs, we had no business running a country club...

Author: /time Magazine | Title: Rolling Again | 11/23/1981 | See Source »

According to James Murray of Chicago's Policy Research Corp., "there'll be a $50 billion to $100 billion annual market for agribusiness applications of genetic engineering by 1996-ten times the potential of medical-pharmaceutical applications." Within the past ten years, giant companies like Atlantic Richfield, Pfizer...

Author: /time Magazine | Title: Environment: Tampering with Beans and Genes | 10/19/1981 | See Source »

Nobody can use the Pope," said Bishop Antonio Fortich in the Philippine province of Negros Occidental last week. "Where a crisis exists, that's where the Holy Father should go." Nonetheless, a sugar-coated curtain seemed to be descending over the forthcoming visit of Pope John Paul II to...

Author: /time Magazine | Title: The Philippines: Sanitary Tour | 2/16/1981 | See Source »

The major oil companies contended they were at the mercy of OPEC. But the year between the first quarter of 1979 and the first quarter of 1980, Occidental's profits increased 236 per cent, Mobil's rose 105 per cent, and Exxon's jumped a tidy 102 per cent. Poor...

Author: By Jennifer H. Arlen, | Title: Joe Kennedy Challenges the Oil Companies Citizens Corp. Brings Cheap Heat to the Poor | 12/17/1980 | See Source »

Though research on extracting kerogen from marl began in the 1920s, shale oil went undeveloped because its production cost always exceeded the market price of crude. Promises still outpace production, but during the past few years Occidental Petroleum, Atlantic Richfield and Union Oil have spent millions experimenting with shale-oil...

Author: /time Magazine | Title: Rocky Mountain High | 12/15/1980 | See Source »

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