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...conglomerate headed by entrepreneur Carlos Slim and including Southwestern Bell and France Telecom. But the Federal Communications Commission in Washington is considering regulatory changes that could limit one of Telmex's most lucrative businesses, handling phone calls from the U.S. Salinas is also selling the country's two largest steel mills and a 66% interest in 18 commercial banks, the other shares of which are already in private hands...

Author: /time Magazine | Title: A Global Fire Sale | 4/22/1991 | See Source »

...Garamendi announced that his agents were seizing control of Executive Life, attorneys for his department were securing an order in superior court enabling him to place the insurer in a state-controlled conservatorship. Across town, at the modern glass-and-steel headquarters tower of the insurer's parent company, First Executive, Garamendi's agents informed chief executive Fred Carr that he no longer headed the Executive Life subsidiary. Addressing himself "to the schoolteachers and hardhats, secretaries and doctors" who are the insurer's customers, Garamendi pledged, "We are going to do everything in our power to see that your money...

Author: /time Magazine | Title: A Sizzler Finally Fizzles | 4/22/1991 | See Source »

...tree will be planted on Friday at a ceremony to be attended by Vellucci, Mayor Alice K. Wolf and a troop of boy scouts. And just in case, Vellucci says, the city will be placing a six-foot steel sheet around the base of the tree to protect it from future vandals...

Author: By Sean L. Presant, | Title: TROUBLE | 4/19/1991 | See Source »

...three times a year, sprawl across nights and nights of prime time and attract (at least sometimes) hordes of viewers. Mounting costs and sagging ratings have pretty much forced the networks to abandon these extravaganzas. Instead, we get tidy two-parters, most of them either tacky soap operas (Danielle Steel's Kaleidoscope and Fine Things) or sensationalistic true-life crime stories (Love, Lies and Murder...

Author: /time Magazine | Title: Go Slow, Mr. Marshall | 4/8/1991 | See Source »

...plaster in new houses, one of Sokolof's employees arrived at work with two cartons of corner bead, the metallic strips used to join dry wall at a corner. "I looked at the price," Sokolof recalls, "and thought, 'My God! That's really high.' " After checking the cost of steel and the fabricating technique, he decided he could undercut the only two national companies producing the bead...

Author: /time Magazine | Title: A Crusader From the Heartland: PHILIP SOKOLOF | 3/25/1991 | See Source »

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