Word: twelfths
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...than his colleague Thomas Sutherland, 54, dean of the American University's agriculture and food sciences faculty. Sutherland had been kidnaped earlier in the week as he was riding in a six-car convoy from Beirut airport to his campus home. He thus became the seventh American and the twelfth Westerner currently being held by various extremist groups in Lebanon...
...during the past three years in raids on several companies, notably Phillips Petroleum and Gulf. But last week the most feared shark in the corporate sea lost a few teeth. In his first clear defeat, Pickens grudgingly agreed to halt his three-month pursuit of California's Unocal, the twelfth largest U.S. oil company. While Pickens maintains he will at least break even on the deal, analysts expect that the Mesa Petroleum chairman and his partners will actually lose as much as $100 million. More important, the episode has broken Pickens' momentum and sent a discouraging word to other raiders...
After eleven sloppy movies, the jaunty minimalism of the twelfth is getting good notices. "The critical success is great," says Norris, "but the main thing is still the public. The critics can rave, but if the people don't come to see your movie, what good is it?" Christopher Pearce, head of production for Cannon Films, the company that last year hired Norris to make six movies, is pleased by the lack of artistic ambition. "That is a great advantage," Pearce says, "because he's not out there wanting to do Shakespeare." Rather than Richard II, the next Norris movie...
Sticking with one jockey through the entire race, horse and people Owner George Steinbrenner saw his Eternal Prince come in twelfth at Churchill Downs. To be precise, Steinbrenner holds the deed on 37 1/2% of the colt, presumably the part that favors him. At one time he owned the whole animal--fetlock, stock and barrel--but auctioned it off for $17,500 to a used-car dealer from Richmond. For $750,000, George bought back in when his designated Derby horse, Image of Greatness, faltered. You might say, he fired the one and rehired the other. Or, put another...
...takeover skirmishes last week added fresh fuel to the controversy. In Texas, T. Boone Pickens, chairman of Mesa Petroleum, announced an $8.1 billion offer for Unocal, the twelfth largest U.S. oil producer. Pickens and his partners, who announced in February that they were investing in the California company, now hold more than a 13% interest and are seeking majority control...