Word: menkes
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...basketball-playing parents, set the ball in motion. Today, 200 million Chinese play hoops and delight in the exploits of Big Shark (Shaquille O'Neal), the Letter Deliverer (Karl Malone) and One Cent (Penny Hardaway). China even began touting its trio of homegrown goliaths?Wang, Yao Ming and Menk Batere?as the Walking Great Wall...
...Even if Wang and Yao make it in the NBA, the nation has only one other prospective dazzler in the wings?Inner Mongolian Menk Batere. It may take another decade for China's basketball machine to produce a full crop of giant exports. The NBA, which touts itself as the "world's greatest league," is restrained about China's potential. In terms of NBA revenue, the nation lags far behind Japan and Taiwan. When Wang's debut was broadcast on state television last Friday, crowds gathered in Beijing to cheer on their native son. Several die-hard fans sported brand...
...that the ban is lifted, Caterpillar thinks its chances of ever catching up are slim. For severely troubled International Harvester, though, the news was a little bit better. At the meeting, IH Chairman Louis Menk dusted off a contract for a $750 million combine plant for which his company in 1979 had agreeed to provide the engineeering. Said an IH spokesman: "The Soviets indicated they were still eager to go ahead...
Succeeding McCardell as chairman will be Louis W. Menk, 64, a retired chairman and chief executive of Burlington Northern Inc., who has been a director of Harvester since 1974. Unlike the gruff McCardell, Menk is a low-key and cautious manager who will reassure bankers. He will be assisted by the head of a newly created corporate finance committee, William G. Karnes, 71, former chairman and chief executive officer of Beatrice Foods and an executive with long and close ties to many of Harvester's bank creditors...
...made much money out of this bonanza. Operating revenues have climbed 31% since the merger, to $1.3 billion last year and net operating income has jumped 74%, to $108 million. But the firm's railroad operations are still only marginally profitable. Since the merger, Menk has managed to reduce the firm's payroll by 8% and retire 8,000 obsolete cars. But total labor costs have gone up 48%, and Burlington Northern has lacked the capital to buy enough new equipment to handle increased traffic. Last year the company's own Plum Creek Lumber Co., in Montana...