Word: maker
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Dates: during 1980-1989
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...manufacturers' problems are deep and astonishingly widespread. At midweek, IBM, the world's largest computer maker and the prototype of a successful company, shocked Wall Street by announcing that its earnings for the first nine months of this year will be below those for the same period in 1984. The news helped send the Dow Jones industrial average down more than 23 points in two days. Shares of IBM stock tumbled...
While General Motors went shopping last week for a high-tech aircraft and ) electronics manufacturer, R.J. Reynolds seemed convinced that plenty of money could still be made on cookies and crackers. Reynolds, the second largest U.S. cigarette maker, agreed to buy Nabisco Brands, the fifth biggest food manufacturer, for $4.9 billion. The merged company will have annual sales of more than $19 billion, making it the largest consumer-products firm...
...safer, though somewhat less absorbent versions. Procter & Gamble's Rely tampons, the only type containing polyester foam, were discontinued in 1980, after they had been linked to dozens of cases of TSS (the incidence rate promptly dropped). Kass is hopeful that his research, which was sponsored by Tambrands (the maker of Tampax), will help manufacturers in developing new tampons that are both ultra-absorbent and safe...
...three major fronts. Nabisco Brands (1984 sales: $6.3 billion) held exploratory talks with R.J. Reynolds (1984 sales: $13 billion). Wall Street speculates that Reynolds, which sells cigarettes, Kentucky Fried Chicken and Del Monte foods, would pay some $5.3 billion to gobble up Nabisco, king of the snack cupboard and maker of Oreo cookies, Ritz crackers and Baby Ruth candy bars...
Since he sold the first machine in 1970, Jones has manufactured some 400,000 of the devices. The company he owns, Nautilus Sports/Medical Industries (estimated 1984 sales: $300 million), has become the leading U.S. maker of exercise equipment. Jones, however, is even more extraordinary than his machine. No mild-mannered tinkerer, the gruff and often profane tycoon rules an unlikely empire that includes a menagerie of wild animals, two Boeing 707 jets and a $70 million television studio...