Word: springsteens
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...treasure-house of vital American music, no company is more valuable than CBS Records. Its labels, among them Columbia and Epic, have borne titles ranging from Bruce Springsteen's Born in the U.S.A. to Michael Jackson's Thriller, from Frank Sinatra's Stormy Weather to Benny Goodman's Night and Day. But now this repository of Americana is passing into foreign stewardship. In the largest-ever Japanese purchase of a U.S. company, CBS agreed last week to sell its record business to Sony for $2 billion...
...spent decades building. Paley started the division in 1938, when he bought a small record company for $700,000. He hired Artists Duke Ellington and Bing Crosby, among others, and introduced the first LP record in 1948. CBS took chances on new artists, signing both Bob Dylan and Springsteen when they were unknowns...
...determined not to mess up the good beat at CBS. His company has offered a package of some $20 million in compensation to persuade CBS Records' bearded, brassy chief, Walter Yetnikoff, 54, to stay in his job for several more years. The sale no doubt contains some irony for Springsteen, whose songs have identified strongly with U.S. workers caught up in economic changes beyond their control. But the Springsteen camp seems pleased that Sony will not change the management. "If Yetnikoff is there, then our confidence is there," says Jon Landau, Springsteen's manager...
...smugglers continue to ferry America' s high- tech secrets from West to East, authorities struggle to fortify an export- control system that is overloaded, underfunded and outdated. -- The crusaders against insider trading score an important victory in the Supreme Court. -- CBS sells its records division, making Sony Springsteen' s boss. -- In Mexico, panic pummels the peso...
...brothers escape the house of their drunken father and discover the meaning of the book's epigraph, a line from a Bruce Springsteen song, "Nothin' feels better than blood on blood." Violence pervades the novel. In the course of one night, the older brother fights with his father, his brother and grocery store bagboys, and the two brothers witness a rape and murder at a drive-in James Dean movie...