Word: oz.
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...Hunts' downfall was in the making long before the oil slump. Their troubles go back to 1979, when Bunker and Herbert began hoarding silver. They ultimately amassed some 59 million oz. of the precious metal, which seemed a shrewd move as the price of silver climbed to a high of $50.35 per oz. in January 1980. It was a gamble characteristic of the sons of H.L. Hunt, who once made a living as a cardplayer. But this time the Hunts' luck ran out. When the silver price plummeted to $10.20 per oz. two months later, the Hunts were suddenly left...
...position of the U.S. as No. 4 among gold-mining countries. America's importance as a producer has increased lately because traders have become fearful of disrupted output from the world's leading supplier: South Africa. The precious metal's price surged last week to nearly $421 per troy oz., up from about $333 last April...
Postal officials said they do not know how many of the Harvard stamps will be printed, but they do speculate that because of the unusual denomination, the stamps--designed for 3-oz. first-class mail--will be around to collect for a while to come...
Bryant accused the Hare Krishnas of child abuse, drug dealing and systematic violence. He charged that the Krishna temple near Moundsville, W. Va. -- a 4,000-acre community called New Vrindaban that features an Oz-like palace decorated with gold leaf -- was becoming like the Rev. Jim Jones' notorious People's Temple...
...MGM/UA acquisition from wily Owner Kirk Kerkorian. Analysts estimate that Turner overpaid as much as several hundred million dollars for the moviemaking studio and its assets, especially a rich library of some 3,600 films that includes such gems as Gone With the Wind and The Wizard of Oz. In the process the Atlanta tycoon had to raise nearly $1.2 billion, mostly by issuing high- interest junk bonds, thereby pushing TBS's total debt to nearly $2 billion. He now faces a $600 million repayment that comes due Sept. 15. Will Turner be able to keep his head above water...