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City's big stroke was the tentative agreement to acquire Allis-Chalmers. If the stock-swap deal, worth some $366 million at current prices, comes off as planned, one of the nation's longest-running merger dramas will come to an end. Since last summer, the huge farm-and industrial-equipment maker has spurned the courtship of Dallas' LingTemco-Vought, been dropped by General Dynamics and forcefully wrenched from a third merger prospect, Signal Oil. That, reportedly, was the work of Kleiner, Bell & Co., a Beverly Hills brokerage firm, which holds some 15% of Allis-Chalmers stock...

Author: /time Magazine | Title: Mergers: Rookie of the Week | 3/22/1968 | See Source »

...space of a single night at the mythical Lincoln International Airport, nearly every imaginable man, machine or function goes wrong. One of the worst snowstorms in history has been raging over the airport for three days. The longest and widest runway is blocked by a mired Boeing 707. A traffic controller is suicidally depressed. And a Rome-bound flight lifts off with a man carrying a bomb in his briefcase. How Airport Manager Mel Bakersfeld and a score of other characters cope provides the suspense of this obvious but well-programmed novel. Among the nuggets Hailey might better have left...

Author: /time Magazine | Title: Books: 20th Century Waiting Rooms | 3/22/1968 | See Source »

...betrayal; the Sunday Times caricatured a bloated Home Secretary James Callaghan under a sign: "I'm not blacking Britain." Demonstrators marched with petitions to 10 Downing Street and Buckingham Palace. And the Archbishop of Canterbury, among others, joined a futile mini-filibuster during the House of Lords' longest sitting (19 hours, 16 minutes) of the century...

Author: /time Magazine | Title: Britain: Closing the Gate | 3/8/1968 | See Source »

...holder in the discus, and such a hot upi prospect in football that several pro teams made him offers. Edwards, a tall (6 ft. 8 in.), brainy Negro, passed them all up to become an assistant professor of sociology at virtually all-white San Jose because "scholarship was my longest suit." Not quite. For the past six months, Harry's long suit has been Black Power and bitter protest-specifically, a campaign to cajole or coerce Negro athletes into boycotting what he considers "white-dominated" sporting events, from next fall's Mexico City Olympics on down...

Author: /time Magazine | Title: Track & Field: The Black Boycott | 2/23/1968 | See Source »

STRIKES Still in the Trenches The 26-union strike against the nation's copper producers-longest walkout in U.S. history against virtually an entire industry-last week dragged into its eighth month. Though the unions and major copper companies remain as far apart as ever, a few small cracks have appeared in the costly deadlock...

Author: /time Magazine | Title: Strikes: Still in the Trenches | 2/23/1968 | See Source »

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