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...that can be used for a proposed merger. The same day last week that Du Pont claimed victory, all ten of the most active stocks on the American Stock Exchange were oil and gas firms. Some of the possible acquisition targets for the major energy companies: Pennzoil, Mesa Petroleum, Superior Oil, Marathon Oil, Amerada Hess and Murphy Oil. Texaco, which was an early suitor of Conoco, is reportedly considering a bid for Kerr-McGee, an Oklahoma-based oil company...

Author: /time Magazine | Title: And the Winner Is. . . | 8/17/1981 | See Source »

DIED. James Walsh, 90, Roman Catholic bishop and former superior-general of the Maryknoll Fathers who, as a missionary, was imprisoned in China from 1958 to 1970 on charges of spying for the Vatican and the U.S.; in Ossining...

Author: /time Magazine | Title: Milestones: Aug. 10, 1981 | 8/10/1981 | See Source »

...eyes of the public, from any role in the seamy side of politics (an absolution Caro proved was underserved). But if there is a lesson to Moses' life--and to the ruin he brought upon a city--it is this: The rule of flawed but accountable politicians may be superior to the hegemony of independent and uncontrollable experts...

Author: By Jeffrey R. Toobin, | Title: Robert Moses, 1888-1981 | 8/4/1981 | See Source »

Habib's combination of patience, discretion, endurance and shrewd calculation flowered in 1968, when he was appointed No. 3 man at the frustrating Paris peace talks between the U.S. and North Viet Nam, where Harriman was chief negotiator. Cyrus Vance, Habib's immediate superior and later Secretary of State, recalls Habib's meticulous allnight preparations of U.S. positions. The observant diplomat once advised his American colleagues to look under the bargaining table while dealing with the impassive North Vietnamese, since "you can tell when they're unsure of themselves by the way they cross and uncross...

Author: /time Magazine | Title: The Trust Builder | 8/3/1981 | See Source »

Chief Justice Walter McLaughlin retired in 1977 to join his sons' Boston law firm. After ten years on the Massachusetts Superior Court, he was asked what he found most striking about returning to private practice. "The fees," he snapped. "They are outrageous. With the cost of litigation these days, I think clients would often be better off if they just met in the halls and threw dice. Certainly it would be cheaper...

Author: /time Magazine | Title: Law: Fat Fees | 7/27/1981 | See Source »

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