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Julie Salamon, film critic of the Wall Street Journal, got to watch the accident in slo-mo close-up. In The Devil's Candy: The Bonfire of the Vanities Goes to Hollywood (Houghton Mifflin; $24.95), she tracks all the bollixed decisions that made the bosses at Warner Bros. wonder why they green-lighted Bonfire and vetoed Home Alone, and director Brian De Palma feel like an Iraqi army general. "He couldn't imagine," Salamon writes, "what it would be like to go through all this for a bad movie...
DIRE STRAITS: ON EVERY STREET (Warner Bros.). Likely you've caught the first single, Calling Elvis, on the radio. The rest of the record is similar: edgy, mysterious, insinuating, with some typically masterly guitar work by Mark Knopfler. Dire Straits is the most stylishly surreptitious group in all of rock: the music seems to drift off into the unconscious as soon as you hear it, leaving the impression that it's been part of your life forever -- or at least since Elvis...
...problems in Amex's core business come after a long string of mishaps in its diversified pursuits. The chief money drain has been its Shearson Lehman Bros. investment arm, which suffered mightily from its $962 million takeover of ailing and scandal-ridden E.F. Hutton in 1988. Shearson is just now starting to show signs of recovery from Wall Street's postcrash slump. Amex had hoped to flee the securities business, but after failing to find a buyer for Shearson, Amex injected $1 billion in capital to restructure the firm...
...life at the firm, is a hot ticket. Cameras are expected to roll next spring. But who will play fallen Salomon chairman John Gutfreund? Word is that MARLON BRANDO is being considered for the tough, cigar-chomping role, and James Spader for the freshman trainee based on Lewis. Warner Bros. says it's too early to tell who'll get the casting call...
...breakthrough is most unwelcome news for the Big Three -- already hurting because of perceived shortcomings ranging from mileage to quality control. "It's probably giving the boys in Detroit a few sleepless nights," said Joseph Phillippi, an automotive-industry analyst at Shearson Lehman Bros. in New York City. "The Big Three say that they have similar technology, but Japan puts it in the showroom." The Japanese now command roughly 25% of the U.S. auto market, a 5% gain in three years...