Word: matsushita
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...Japan rivalry? A Japanese software manufacturer hopes to do it with Japan Bashing, a hot new computer game for all those obsessive nerds who lie awake worrying about the trade imbalance. While a TV newscaster intones actual news stories (e.g., the purchase of U.S. film studios by Sony and Matsushita), Japanese cars and computer chips are shown converging on a map of the U.S. Winged dollars at the top of the screen fly back toward Japan. Who wins? Flying hot dogs indicate an American victory; sushi signals a Japanese triumph. Then there are cowboys who shoot at samurai warriors...
...senior vice president of Toshiba Corp., which now admits that its pretax profits for fiscal 1991, ending March 31, may be down a whopping 42%. In April, when many Japanese companies announce their results for 1991 fiscal year, most will report declining profits. Blue chips like Sony, NEC and Matsushita have all experienced drops of over 40% in pretax profits. Japan's security houses, hit by declining commissions from a falling stock market, will announce even more dramatic drops. Nomura Securities, once Japan's most profitable company, is talking about an 80% decline in profits. Auto manufacturers, banks, airlines, steel...
...soccer fans are devastated. Their top scoring ace, GARY LINEKER, is moving to the Grampus Eight club of Nagoya, Japan, in a deal worth nearly $9 million. Japan, where professional soccer will get under way in 1993, wants to become a global force in the sport. Such companies as Matsushita, Mazda and Toyota, which have invested in soccer teams, are luring world-class players to kick-start the action...
Coffey denies that his relationships color how Calendar is edited; instead, he points to the hard-nosed pieces he has published detailing the behind-the- scenes negotiations that went into the Matsushita buyout of MCA and Sony's * purchase of Columbia Pictures. Coffey boosters contend that Calendar's emphasis on profiles and reviews simply makes the section more competitive with the highbrow arts and culture section of the New York Times, which began circulating its national edition in Los Angeles...
...began as a reporter-researcher for TIME in 1973, then became a writer. She eventually joined the Business section and was promoted last year to associate editor. During the past year, Castro has written major stories on the defense industry, the economic devastation of U.S. airlines and the Matsushita buyout...