Word: matsushita
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Dates: during 1990-1999
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...helped Sony buy Columbia Pictures in 1989. You helped Matsushita buy MCA/Universal in 1990. People accused you of dabbling in investment banking to satisfy your...
...looking to poach other business from the ad agencies. And still he wants more. He has turned himself into the movie industry's highest-profile investment broker in the past few years, arranging the multibillion-dollar acquisitions of Columbia Pictures by Sony and MCA/Universal by Matsushita...
...only the latest downtick in Japan's deepening recession. The country's aggregate corporate earnings are down for an unprecedented third year, promising plenty of blue-chip company for Nissan. In other bad news, telecommunications giant NTT announced that it would cut 30,000 employees over three years. And Matsushita president Akio Tanii resigned, accepting responsibility for a sharp drop in profits, owing in part to costs associated with 700,000 defective refrigerators. Making matters worse is the sudden rise of the yen to a record high against the dollar. Monetary appreciation will hurt Japan's big exporters first, bringing...
Philips' new digital compact cassette, like comparable products from Marantz, Matsushita and Tandy, is able both to play and to record on digital and old-fashioned cassettes. "It makes tape-format obsolescence obsolete," says Frans Schmetz of Philips Consumer Electronics. The devices include features like the ability to fast-forward at hyperspeed...
...FATHER'S California home when he overheard Dad talking on the phone about selling his company to a Japanese firm. This wasn't just any dad. Sidney Sheinberg is president of Hollywood's giant MCA Inc., and he was talking about its yet undisclosed sale to Japan's Matsushita Electric Industrial Co. When Sheinberg Sr. realized that Junior was listening in, he correctly warned his son to keep the news to himself and certainly not trade in the stock. But Jonathan just couldn't keep a secret, the SEC says. He has agreed to pay $417,988 in penalties...