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Hertz last week got someone new in its driver's seat. UAL Inc., the $6.9 billion parent of United Airlines, announced plans to buy the largest and oldest (founded 1918) U.S. car-rental company for $587.5 million in cash from RCA, which has owned it for 18 years. By combining Hertz (1984 sales: $1.4 billion) with America's largest airline and UAL's 54-unit luxury Westin Hotel subsidiary, the deal will create a travel and hotel complex to serve the business traveler from plane to car to bed. Said UAL Chairman Richard Ferris: "The sun, the moon...

Author: /time Magazine | Title: The Friendly Skies Get Wheels | 7/1/1985 | See Source »

...first endowed chair at the newly-formed Kennedy School Press, Politics, and Public Policy Center. The Stanton Professorship of the First Amendment, which is supported by a $1 million endowment, was created by grants from CBS Inc. and a variety of other donors, including ABC Inc. and RCA...

Author: By Michael W. Hirschorn, | Title: Skinner, Volcker, 8 Others to Receive Degrees | 6/6/1985 | See Source »

...first endowed chair at the newly formed Kennedy School Press, Politics, and Public Policy Center. The Stanton Professorship of the First Amendment, which is supported by a $1 million endorsement, was located by grants from CBS Inc. and a variety of other donors including ABC Inc and RCA...

Author: By Michael W. Hirschors, | Title: Ex CBS Chief Will Be Honored | 6/4/1985 | See Source »

...Atomic Energy Commission allegedly asked the trio in July 1980 to buy various components for a device that can be used to spin high-speed centrifuges. The equipment is manufactured by General Electric Co. at a plant in Hudson Falls, N.Y., and at U.S. factories of Westinghouse Electric Corp., RCA Corp. and Motorola Inc. The three Canadians made ten shipments to Pakistan. They were arrested while attempting to ship the eleventh. The trio later denied that they knew the ultimate purpose of the exports. One of them said that the equipment was for use in a textile plant...

Author: /time Magazine | Title: Who Has the Bomb | 6/3/1985 | See Source »

...oscillator aboard the $50 million NOAA-8 weather satellite turned balky last June, the craft began tumbling out of control in its polar orbit. Without power, its systems shut down. All seemed lost, but a determined band of controllers from NOAA (National Oceanic and Atmospheric Administration), NASA and RCA refused to give up. Over the next ten months and on hundreds of occasions, they beamed radio signals at the errant craft, trying to revive...

Author: /time Magazine | Title: Science: Patience Pays | 6/3/1985 | See Source »

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