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...million. Among other benefits, the acquisition will sharply increase the number of domestic flights that feed passengers to TWA's overseas routes. Icahn is also thinking about buying a hotel chain and an auto-rental company to combine with TWA. That would enable customers to reserve a plane seat, car and bed with one phone call. Says Icahn: "I've still got a nose for deals, and I intend to make some." --By Barbara Rudolph. Reported by Thomas McCarroll/New York

Author: /time Magazine | Title: Corporate Raider on the Ropes | 6/21/2005 | See Source »

...Party Chief Mikhail Gorbachev for his support. Nevertheless, the Soviets remain wary about attaching themselves too closely to a Libyan regime that is mercurial at best. Moscow zestfully pounced on the opportunity to denounce Washington's "barbaric act of terrorism," adding that the U.S. had lost not one plane in the raid, as claimed, but at least four. For all the rhetoric, however, Soviet officials conspicuously refrained from ruling out a Reagan-Gorbachev summit later this year...

Author: /time Magazine | Title: Libya: Nearly All Together Now | 6/21/2005 | See Source »

Meanwhile, the new spirit of international cooperation in the fight against terrorism began to bear fruit. Soon after apprehending Nezar Hindawi, a Palestinian reportedly carrying a Jordanian passport, on suspicion of attempting to blow up an El Al plane leaving London's Heathrow Airport on April 17, British authorities advised their counterparts in Berlin to arrest another Palestinian named Ahmed Nawaf Mansur Hasi. Inside Hasi's apartment, West German detectives found what appeared to be a sketch of the La Belle discothèque, where an explosion three weeks earlier had killed two people and left 230 wounded. They also discovered...

Author: /time Magazine | Title: Libya: Nearly All Together Now | 6/21/2005 | See Source »

...hope the pilot doesn't make a mistake and bring us into the Potomac. I forgot my galoshes," jokes Horowitz as the plane descends to National Airport. "I don't think that's funny," counters Wanda, sternly. When the plane lands, the pianist applauds loudly. The pilot rings the all-clear bell, and Horowitz perks up. "F sharp," he remarks. "I hope Mrs. Reagan will be there," says Wanda...

Author: /time Magazine | Title: Music: Meeting with the Stunks | 6/21/2005 | See Source »

...define classical ballet. Philadelphians are unfortunate too in that they will see the Kirov in the cavernous Mann Music Center. "The Mann Center is a disaster," says Nureyev, who frets that his old company may not be seen to the best advantage. "I once danced there, and a little plane could take off and land inside the auditorium...

Author: /time Magazine | Title: Music: Step Right Up to the Great Culture-Kultura Bazaar | 6/21/2005 | See Source »

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