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...trying to raise prices. Last week several carriers, including Pan Am and TWA, announced that they intended to increase some fares an average of 4%. They were following the lead of United, which two weeks ago announced a similar plan, to begin Aug. 17. The higher prices may not stick, however, if People's aggressiveness sparks a new round of fare wars...

Author: /time Magazine | Title: Here, There, Everywhere | 4/18/2005 | See Source »

...early 1950s that Leo Stefanos, a Greek immigrant who owned a corner candy store in Chicago, produced the first DoveBar, a huge stick of top-quality ice cream dipped in premium chocolate. He had no grand plans for the new treat. Recalls Leo's son Michael: "My father invented it to keep me and my brother from running after ice-cream trucks every time we heard them ring their bells." But in 1984, seven years after Leo's death, Michael and a group of partners decided to take the DoveBar nationwide. The result may put the Stefanos name...

Author: /time Magazine | Title: Business Notes: Aug. 12, 1985 | 4/18/2005 | See Source »

Corporate Raider Carl Icahn's usual strategy is to buy a stake in a target company and then sell out to another bidder at a huge profit. But this time the New York City financier may stick around and keep the business. Last week he gained virtual control of TWA, the sixth largest U.S. airline, by accumulating at least 45.5% of the company's stock. In the process Icahn may have defeated Frank Lorenzo, the chairman of Texas Air and a rival bidder for TWA, with a series of intricate maneuvers worthy of the Navy's Blue Angels flying aces...

Author: /time Magazine | Title: Closing In:Carl Icahn encircles TWA | 4/18/2005 | See Source »

...school," made it to the major leagues for 15 distinguished seasons and retired ten years ago. "At seven and eight Pete was really a little guy," recalls Brinkman, now a White Sox coach. "I'd pitch and he'd catch, and when the hitter swung and missed, Pete would stick the ball up in their face and say, 'Hey, batter, batter, batter.' " Pete was a banker's son, though his father was more famous for playing halfback with the semipro Cincinnati Bengals at the age of 42 and sparring with World Featherweight Champion Freddie Miller. "In high school," says Brinkman...

Author: /time Magazine | Title: Baseball: A Rose Is a Rose Is a Rose | 4/18/2005 | See Source »

Besides, he expects to go on managing. "I want to build character and confidence in young players, stick with them in some jams and show them what's really at the bottom of this game." Second in their division and unsatisfied, the Reds have been baseball's most surprising contenders. In contrast to many accomplished players-turned-managers, Rose is described by his troops as almost always patient and almost never distant. "You know how managers always say, 'I don't care if they like me as long as they respect me?' Well, that ain't my philosophy." He sees...

Author: /time Magazine | Title: Baseball: A Rose Is a Rose Is a Rose | 4/18/2005 | See Source »

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