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...Thatcher was readying for a confrontation with journalists came during a speech to the American Bar Association meeting last month in London. Speaking before the gathering of U.S. lawyers, Thatcher said that the media should refrain from giving terrorists publicity. Last week her government pressured the independent British Broadcasting Corp. into canceling a televised documentary on Northern Ireland because it featured an interview with a politician who is allegedly a leader of the Irish Republican Army...
When executives do venture into new fields through mergers, they are now more likely to adopt a hands-off policy toward the acquired companies. IBM last year completed the $1.9 billion purchase of Rolm Corp., a Silicon Valley maker of telecommunications equipment. The button-down computer giant has since left its freewheeling subsidiary largely alone. "We didn't come here to fill up the swimming pool with gravel," an IBM official assured Rolm employees, who have happily retained their corporate hot tubs, saunas and water-polo team. General Motors has vowed to pursue a similar strategy with Hughes Aircraft, which...
...executives, the rationale for corporate marriages is often simple. Says Edward Hennessy, chairman of Allied Corp.: "It is cheaper to buy than to start from scratch." Following that logic, Hennessy acquired Bendix for more than $1.3 billion in 1982 in what has turned out to be a profitable purchase. Now he is paying $5 billion for Signal, whose aerospace and engineering lines complement Allied's products...
TONY WOODLEY, union leader at MG Rover, after China's Shanghai Automotive Industry Corp. abandoned plans to take over Britain's last volume carmaker at the cost of 5,000 jobs
Industry experts predict another Easy success. Traditional cruise lines, they say, won't be threatened unless Hadji-Ioannou adds bigger boats to the Riviera lines. The Greek-Cypriot entrepreneur last week said he was talking with the world's largest cruise operator, Carnival Corp., in hopes of finding a strategic partner...