Word: depots
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...1990s, Janet Reno’s Department of Justice and the Federal Trade Commission (FTC) took an active role in policing large mergers, in the name of protecting consumer interest. Under their watch, the mergers of Sprint and Worldcom, Office Depot and Staples, and United Air Lines and U.S. Air were all blocked. The FTC even blocked the merger of Meade and Celestron, two hobbyist telescope manufacturers who competed in a market totaling a few million dollars in sales per year. Retrospectively, it’s unclear what benefit, if any, the public received from these blocked mergers since most...
...1990s, an outpouring of grassroots concern for the environment helped stop the so-called Republican Revolution of 1994. The threat of consumer backlash forced Home Depot to forswear the purchase of wood from ancient forests. Utilities and mining companies are less susceptible to direct consumer action, but still pay a price for alienating the public...
...only is Gould a master of scientific narrative—editorials on numerous other subjects have also appeared in publications from Time to the Boston Globe. When I ask him about his wife, sculptor Rhonda Shearer, he tells me that she set up a supply depot from her studio near Ground Zero, and he also gives me copies of two editorials that he recently wrote about the September 11 attacks. The op-eds have the same exquisitely lucid style that characterizes most of his writing; Gould dissects a human catastrophe as well as he does a pillar of evolutionary theory...
...Logan became the fourth airport in as many weeks to be temporarily shut down because a screening machine was unplugged. Even more annoying, the problem can be solved by a simple $29.95 piece of hardware. After one such disruption two weeks ago, an airline-industry executive went to Home Depot, bought a device that locks a plug into an outlet and gave it to an official of the new Transportation Security Administration. Rather than buy the devices for all the airports that need them, however, the TSA simply suggested that its employees purchase the device and get reimbursed later...
Many boutique firms manage separate accounts for pairs trading, which minimizes market risk by, for instance, selling Lowe's and buying Home Depot. They will help you buy, lease or share a private jet and have intricate strategies for dealing with a large concentration of stock. Through an exchange fund, a single-stock millionaire may contribute stock to a diverse partnership. After seven years, the partnership unwinds and each partner gets a slice of a broad portfolio. That way the partners can diversify without the tax hit that comes from selling shares. Sometimes, as with private equity last year...