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...goal of the SEC recommendations is the elimination of defensive tactics that preserve the jobs of incumbent management but lessen the value of the company to shareholders. Such stratagems can include buying back company stock and issuing "poison pills," like preferred stock, which dilute the value of other outstanding shares. The Carter Hawley Hale department store chain has used both techniques in fending off a takeover attempt by The Limited. So far, its tactics have succeeded. The Limited Chairman Leslie Wexner said last week that his firm's tender offer will not be extended, though he hopes to make...

Author: /time Magazine | Title: Merger Rules | 6/4/1984 | See Source »

Fire fighters battling brushfires in Southern California's Los Padres National Forest have long had to cope with an occupational hazard beyond that of smoke and flames: poison oak, the Western cousin of poison ivy. Not only do they risk coming into contact with the vine, but they also breathe in fumes from its burning leaves, often resulting in infections of the eyes, throat and lungs, as well as rashes and itching skin. "It's almost everywhere," says Forest Service Researcher Jerry Oltman. "It's a real problem...

Author: /time Magazine | Title: Medicine: Turning a Leaf | 5/28/1984 | See Source »

Every year Americans from gardeners to hikers groan and curse at the effects of poison ivy. As much as 25% of the population is so sensitive to the weed that contact can result in high fever and oozing blisters. Lotions are generally ineffective, and steroids, prescribed for the most severe cases, can produce a serious drug reaction. But help is at hand. A flurry of scientific advances promises to take the sting out of one of North America's most irritating environmental hazards...

Author: /time Magazine | Title: Medicine: Turning a Leaf | 5/28/1984 | See Source »

...More immediately, the Forest Service is testing a method for quickly showing if a person is sensitive to the poison ivy family. In the test, also developed at U.C.S.F., a small drop of the plant's poisonous chemical, urushiol, is placed on the arm, and the reaction is monitored...

Author: /time Magazine | Title: Medicine: Turning a Leaf | 5/28/1984 | See Source »

...anal itching. Last year, researchers found a way to neutralize the urushiol molecules that cause the itching. Dr. William Epstein, who heads the U.C.S.F. research team, told a meeting of dermatologists in Toronto last week that the new vaccine could be on the market in time for the 1986 poison ivy season...

Author: /time Magazine | Title: Medicine: Turning a Leaf | 5/28/1984 | See Source »

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