Word: oz.
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...Treasury began minting 1-oz. and ½-oz. gold medallions in 1980 to compete with popular foreign coins, particularly the South African Krugerrand and the Canadian Maple Leaf. Since then American goldbugs have bought only 603,000 oz. of U.S. medallions, compared with at least 6 million oz. of Krugerrand and Maple Leaf coins...
While this new wave of consumer beepers is designed for simplicity and durability, more complex and versatile models are on the way. Next week Radiofone Corp., a Metromedia subsidiary, will launch what it calls the world's first pen-shaped pager. It weighs 1.5 oz., costs about $365 and is small enough to be clipped on a shirt pocket. The unit runs on a mercury battery that gives off a warning tone when a new one is needed. In May, Radiofone will introduce a 5-oz., $500 beeper that is practically equivalent to a pocket secretary...
BORN. To Lisa Hoffman, 28, and Dustin Hoffman, 45, Academy Award-nominated star of Tootsie: their second child, first daughter; in Los Angeles. Name: Rebecca. Weight: 7 Ibs. 12 oz...
...growing probability that OPEC has lost its grip on oil prices threw the financial markets into turmoil. Gold, a favorite inflation hedge, plunged to $408.50 per oz., down nearly $100 in eleven days, before rebounding a bit to $415 at week's end. On Wall Street, the prospect of a brisk economic recovery unleashed another stampede in the stock market. The Dow Jones industrial average closed at record highs on four consecutive days, finishing the week at an alltime peak...
...risen six points, to 29%, Hertz jumped in, adding merchandise prizes to its travel bonuses. A customer who rents a Hertz car 40 times for four days or longer, for example, will build up enough credits to earn all of the following: a Texas Instruments home computer, four 16-oz. crystal beer mugs, 18 nights of free hotel accommodations, free rental of a Cadillac or Lincoln for 14 days and two round-trip plane tickets to a major city in the continental U.S., Hawaii, Bermuda, the Bahamas or the Caribbean. Avis has countered with such prizes as color TVs, cruises...