Word: avise
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When mobile phones became popular in the early 1980s, rental-car firms embraced the new technology as a potential profitmaker. But demand for phone- equipped cars, particularly from executives, has been lower than expected. Says Avis Spokesman John Britton: "We found that if a businessman is on the road, that...
Rohatyn has put together some of the biggest deals in history. His first supermerger was in 1968, when he helped ITT acquire Hartford Insurance for $2 billion. Throughout the 1960s Rohatyn worked with ITT Chief Executive Harold Geneen, who built the company into one of the first powerful conglomerates and...
With the Hertz purchase, United is saying that it is a glutton for cutthroat competition. The company is already ensnarled in the fierce, deregulated battle among U.S. airlines, in which it faces large established carriers like American as well as ambitious, new, no-frills outfits like People Express. The rental...
UAL expects the Hertz deal to meet with Justice Department approval, although that is not assured. In 1974 the company tried to buy Hertz's archrival Avis but pulled back when the Government said that the merger might be anticompetitive. "We will take a close look at any acquisition of...
Walser does not quite believe Fevvers' confession, and rightly so. Most of its details are incredible. Buffeted by cruel fate, the bird-girl sinks to enforced servitude in the establishment of one Madame Schreck, who runs a particularly nasty pornographic peep show. Fevvers, by now known throughout the London demimonde...