Word: clevelandism
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Dates: during 1980-1989
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...airline kept its flights about two-thirds full by offering $75 one-way rates between any two nonstop points that it serves. Furthermore, it announced an extension of the discount fares, which few other carriers have sought to match, until Oct. 22. Said Gladys Henn, 68, before boarding a Cleveland-bound Continental jet in Houston: "If the pilot is flying this thing, he's got his life in his hands too. I have to feel safe, or I wouldn...
Eastern Division W L T Pct. Buffalo 4 2 0 .667 116 123 Baltimore 4 2 0 .667 130 125 N.Y. Jets 3 3 0 .500 132 113 Miami 3 3 0 .500 116 112 New England 2 4 0 .333 118 144 Central Division Cleveland 4 2 0 .667 118 115 Pittsburgh 4 2 0 .667 139 115 Cincinnati 1 5 0 .167 91 122 Houston 0 6 0 .000 109 174 Western Division L.A. Raiders 5 1 0 .833 145 94 San Diego 3 3 0 .500 170 174 Denver 3 3 0 .500 88 100 Seattle...
...industry's biggest companies have decided that the only way to survive the slide is to get together and streamline their operations. Through a swap of stocks valued at $770 million, Republic Steel of Cleveland, the fourth largest U.S. producer, intends to merge with Pittsburgh's Jones & Laughlin, which ranks third in the industry and is a subsidiary of LTV Corp., a Dallas-based corporation that also manufactures aircraft parts and rockets for the military. Together, Republic and Jones & Laughlin control 15.9% of the steel market, and the combined company, to be called LTV Steel, will stand second...
...Chairman Raymond Hay and Republic Chairman Bradley Jones said that no antitrust problems should arise from Washington because the merger would create "a stronger, more efficient steel company, better able to compete in a new world-market environment." Jones will head LTV Steel, which will be headquartered in Cleveland. Some Republic employees suggested in jest that the new company be called Bradley Jones & Laughlin...
...last year on sales of $2.7 billion, while Jones & Laughlin dropped $299 million on sales of $3 billion. In the first six months of this year, the two firms lost an additional $219 million. The new company will undoubtedly cut back and consolidate overlapping operations to save money. In Cleveland, for example, both Republic and Jones & Laughlin have plants that turn out flat rolled steel for cars and appliances, but LTV Steel will not need all the production capability of those two mills. Some industry experts estimate that 20% or more of the company's potential annual steelmaking capacity...