Word: expression
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Dates: during 1980-1989
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...ever as Dart Group offered $3.6 billion, or $58 a share, for Oakland-based Safeway Stores, the biggest supermarket chain in the U.S. Though the Hafts have the retailing expertise to enter the grocery business, some Wall Streeters think that the raiders once again intend to pass through the express checkout line to a quick profit. They already own 5.9% of Safeway's shares, which they bought earlier this year at an average price of about $42 a share. Since Safeway stock rose last week to $57.25, the Hafts could sell out now for a gain of close...
...suspense thriller known as The Perils of People Express took a sudden new turn last week -- but the denouement was not yet in sight. Almost three weeks after the revolutionary no-frills airline announced that it was looking to sell part or all of its operations to fend off bankruptcy, People found the buyer it needed. People's five-member board declared that United Airlines, the largest U.S. commercial carrier, would pay $146 million for Frontier Airlines, the Denver company that People picked up only last November. The same day, People's board rejected as "inadequate" an offer from Houston...
...travelers. Many industry specialists are doubtful that People, with its reputation for spartan travel conditions and first-come, first-served seating, will be able to convince passengers that it has made the switch. Says J. Henry Riefle, general manager of Manhattan's Hardach Travel Service: "No matter what People Express does, it will always be perceived as a low-cost, no-frills carrier. You can't expect a $300,000-a- year executive to worry about saving $45 on a flight to Pittsburgh...
...every week for 25 cents, leaves foreign policy and national affairs to the prestigious Boston Globe. Says Tab Editor Russel Pergament: "The key to our success is that we're relentlessly local." In most cases, free-paper editors carefully tailor their stories to readers' tastes. Berkeley's East Bay Express, which operates out of the former headquarters of the Black Panthers, caters to young urban professionals. One recent story: a 9,000-word investigative piece on a community opera group...
Perhaps the king of free papers is Chicago Reader Publisher and Editor Robert Roth. He and eight others also publish a Reader in Los Angeles and are part owners of the East Bay Express and City Paper, a weekly in Washington. The papers brought in revenues of $9 million last year. While the Chicago Reader is now one of the most successful free weeklies, its founders could once barely afford to print a newspaper, much less give it away. In the early days, Roth and three college friends shared an apartment and put together the Reader on the dining-room...