Word: marketeers
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Dates: during 1980-1989
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...unlikely, smaller carriers fighting to end American's dominance will settle for preventing SABRE from growing larger. They are lining up to ask the Government to stop a plan by American and Delta to merge their reservation systems. Combined, the two would command a 45% share of the market. Foes of the American-Delta deal say it would hurt competition by reducing the number of players. That step, they warn, would further widen the gap between the big eagles and the sitting ducks...
...Chicago last week were looking for more than a chance to admire the ornate ceiling and marble columns. They came to cash in on one of this year's hottest financial plays: U.S. Treasury securities. Enticed by a surge in interest rates and put off by the stock market, individuals have turned the once staid investment into a popular favorite. Small investors bought three-month and six-month T- bills at the record pace of $2.5 billion a week during the first quarter of 1989, compared with $2 billion a year ago. Says a Chicago Federal Reserve officer: "On auction...
Pittston cut off the miners' health benefits and hired "replacement workers," the new euphemism for scabs. The union is providing a limited medical plan and giving the strikers $200 a week in subsistence pay. Pittston says the men must face the facts of today's coal market; the miners argue that Pittston is "treacherously" trying to break the union...
Just four years ago, the WPP Group was a sleepy English manufacturer of wire market baskets, filing trays and teapots. But since then the company has become one of the world's most powerful advertising firms. The WPP conglomerate has already swallowed up the New York City-based JWT Group, which included two leading U.S. agencies, J. Walter Thompson and Lord, Geller, Federico, Einstein. The architect of WPP's remarkable transformation is Martin Sorrell, 44, the most feared raider to set foot on Madison Avenue...
...Ogilvy would depress WPP's earnings, since the debt assumed to complete the deal could become a burden on the company. Sorrell argues that the two agencies would complement each other. While WPP's Thompson group is strong in Japan, Ogilvy has a firm hold on the European market...