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...last week. Just as Turner admitted that his quixotic attempt to take over CBS had capsized, he announced two bold new ventures for the burgeoning Turner Broadcasting System (TBS). The Atlanta-based company (1984 revenues: $282 million) will buy the venerable MGM/UA company for $1.5 billion and become a partner with the Soviet Union in staging and televising an international sports extravaganza called the Goodwill Games...

Author: /time Magazine | Title: Turner Takes On Hollywood | 4/18/2005 | See Source »

...first time, Peres also gave partial support to Hussein's long-standing insistence on an international peace conference as a forum for solving the Middle East's problems. The Israeli Labor Party leader's offer was speedily denounced back home by hard-line members of the other major partner in his national unity government, the Likud bloc...

Author: /time Magazine | Title: Middle East: Picking Up the Pace | 4/18/2005 | See Source »

Craxi's attempts to soothe ruffled feelings at home were less encouraging. After being invited by President Francesco Cossiga to stitch together Italy's 45th postwar government, Craxi tried first to patch things up with his old coalition partners. Most notably, he opened talks with acting Defense Minister Giovanni Spadolini, who precipitated the government's downfall by withdrawing his Republican Party from Craxi's center-left coalition. In a meeting that insiders described as "cordially chilly," Craxi and Spadolini pledged to continue talking. But Spadolini, who supports the U.S. and Israel and has opposed the Craxi government's rapport with...

Author: /time Magazine | Title: Diplomacy: Putting It Back Together | 4/18/2005 | See Source »

...winners and few if any losers. A typical deal involves bankers, institutional investors, Wall Street firms that specialize in buyouts and the managers of acquired companies. To start a transaction, the executives turn to Wall Street experts to arrange financing. "We look for three things," says Leonard Shaykin, managing partner of Adler & Shaykin, an investment house that specializes in buyouts. "They are consistent past profits, predictable future profits and quality management...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

...married. "In the American tango, everyone does it the same way," says Choreographer Copes, 54, who also dances in the show. "But in Argentina, everyone feels different. It's like love between a couple: some are sweet, some sensuous, some fighting." He has been dancing with his own partner, Marķa Nieves, 48, for 32 years, during nine of which they were husband and wife. Even after their divorce, they-continued working together. "The two of us dance as one person; the tango is not male and female, but their union as a couple...

Author: /time Magazine | Title: Dance: Love Those Crazy Steps | 4/18/2005 | See Source »

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