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...counterparts at Ford or Chrysler. Officials there look for a more modest increase of 10%, to sales of about 6.3 million autos. That is paltry by past standards. In 1978, the industry's most recent peak, 9.3 million U.S.-made cars were sold. Says Maryann Keller of Paine Webber Mitchell Hutchins, regarded as one of the best among Wall Street's 20 or so auto analysts: "By historical standards it's still bad. But it's better than what the industry's been through...
Cats. Some adore it. Some deplore it. The lyrics of T.S. Eliot, the music of Andrew Lloyd Webber and the spectacular stage effects of Director Trevor Nunn and Designer-Costumer John Napier have made Cats a conversation piece and a flaming megahit. The Dining Room. Clear-eyed, touching and buoyantly funny, A.R. Gurney Jr.'s drama compassionately graphs the decline of the Wasp, a breed apart...
...Atlantic City, and in such numbers that during 1981 the city pulled ahead of Florida's Walt Disney World to become the most popular single travel resort in the U.S. Says Lee Isgur, a respected gambling-industry analyst with the New York City investment firm of Paine Webber Mitchell Hutchins Inc.: "Basically, the eastern half of the country has discovered the excitement and glamour of legalized casino gambling. Millions of people can now drive two or three hours at the most, gamble for the evening, then turn around and go home...
Many auto industry observers believe that Volkswagen needs a replacement for the Rabbit, a move Industry Analyst Maryann Keller of Paine Webber Mitchell Hutchins terms "essential." Despite rumors that a new model is on the way, company officials deny such plans. Insists Carl Hahn, chairman of Volkswagenwerk AG, the parent company: "We don't want to offer the consumer a new shape every day." Yet as long as Japanese and U.S. automakers can nibble into Volkswagen's market by behaving like sheep, it will take more than a wolf in sheep's clothing to revive the company...
Analyst Sanford Garrett, at the time one of the few remaining bulls on Xerox, found the announcement so jarring that he took the company's stock off the buy list at Paine Webber, the Wall Street securities firm. Xerox stock, which made millionaires of investors prescient enough to buy in the years after the plain-paper office copier was introduced in 1959, sold as high as $172 in 1972. It closed at only $37.75 last week, even after moving up in the big market rally; it was at $29 two months ago when the Dow Jones industrial average began...