Word: rca
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Dates: during 1970-1979
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...Wall Street today is also very different from what it was a half-century ago. Then the market and the country were in an ebullient mood; optimism was king. The stock market law of gravity held that whatever goes up must go up again. During one day, RCA-the IBM of its era-soared 40 points. In recent years, however, the stock market has had the blahs, reflecting national uncertainty about the future. This summer the Dow Jones industrial average had already declined 50% from its peak of 1051 in 1973, when adjusted for inflation. Concludes Economist John Kenneth Galbraith...
Tenor Placido Domingo was masterly in his first Otello in New York (he has performed it 40 times elsewhere and recorded it for RCA). Dramatically, he projected a strong warrior but a vulnerable man, a noble nature whose obliviousness to evil turned all his strengths-his depth of feeling, his decisiveness, his simplicity-to fatal weaknesses. The cruelly demanding role requires Otello to sing full-out the moment he walks onstage, with the famous cry of triumph, Esultate!, and scarcely ever allows him to let up thereafter. Domingo's voice was exhilaratingly equal to it all-dark and thrusting...
...networks will have big stakes in book publishing. But their three-sided literary competition may not last long. CBS, which owns Holt, Rinehart and Winston and the Fawcett and Popular Library paperback houses, seems content with its acquisitions. But, in an apparent effort to concentrate on larger operations, RCA, NBC'S parent company, is planning to sell off its Random House subsidiary...
...pneumonia; in Lausanne, Switzerland. A star at Lazard's Paris affiliate before fleeing France in 1940, Meyer became senior partner at the firm's Manhattan headquarters in 1944 and turned a cautious house into a corporate merger machine instrumental in the making of such giants as RCA and ITT. A compulsive worker, he amassed a fortune estimated at half a billion dollars, became an adviser to Presidents Kennedy and Johnson and gave millions to New York's Metropolitan Museum...
They are also a good deal more expensive-at least for the time being. A digital disc goes for roughly twice the price of an average album. "I don't see why digital recordings have to cost $15," says RCA's Shepard, who is preparing to undercut the competition with a $10 digital record of Eugene Ormandy and the Philadelphia Orchestra in hot pursuit of a Bartok concerto. Warner Bros. Records, Inc., will bring out its first digital record next month, Ry Cooder's lively excursion into rhythm and blues, Bop Till You Drop. Warner is thus...