Word: schwartz
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Love triangles are a dime a dozen in novels, but hate triangles are altogether rarer. In John Burnham Schwartz's swift, smooth second novel, Reservation Road (Knopf; 292 pages; $24), the three-sided relationship between Ethan Learner, a pacifist English professor; his wife Grace, a trusting garden designer; and Dwight Arno, a temperamental probate lawyer, converges on a common point of pain: the hit-and-run death of 10-year-old Josh Learner, Ethan and Grace's music-prodigy son, at the cold steel hands of Dwight's Ford Taurus. The death is an accident, all blood and vectors...
...market -- but only on the back of heavy sacrifice. BP's $48 billion acquisition of Amoco will see about 6,000 jobs slashed in Cleveland and Houston. "With oil prices weak, the only way for companies to remain profitable is to cut their costs," says Fortune correspondent Nelson Schwartz. "Exxon and other companies have actually boosted their profits despite the depressed market by improving their efficiency." The merger will allow BP and Amoco to remain competitive by pursuing an economy of scale. Says Schwartz, "Bigger is better in oil as in everything else." Except, perhaps, if you're an Amoco...
...Charlton Heston and his disciples each be allowed one single-shot, muzzle-loading flintlock musket." SHEP SCHWARTZ Deep River, Conn...
...YORK: Well, they can?t all be bulls. But FORTUNE writer Nelson Schwartz says that despite Intel's after-the-bell report Tuesday that its second-quarter earnings declined 29 percent from last year to 66 cents per share, the chip maker?s stock shouldn?t take too much of a hit -? because on Wall Street, as in Washington, the spin?s the thing. "Although the published expectation was higher, at 68 cents, the way Intel announced it was much more important than the actual number," says Schwartz. "They predicted a better performance for the next quarter," and that...
...Sounds great -? but can we believe it? In contrast with pronouncements from Washington, the answer is probably. "Intel?s a bellwether for the PC industry, as well as being on the front lines of the Asian crisis, so everyone listens very carefully," says Schwartz. "If there were bad news coming, they would be preparing investors for it. Otherwise, next time around, they?d get hammered." How often fear and honesty go hand in hand...