Word: mergers
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Dates: during 1970-1979
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...corporate sector of the U.S. economy: it illuminates trends that can be discerned only dimly in individual company reports. Among last year's notable tendencies were a somewhat disconcerting ability of the big companies to cut employment while increasing sales, a continued sharp decline in merger activity and what looks like the beginning of a turn away from diversification...
Because of the "non-merger merger" that was ratified last Spring, Horner will be President of the remaining Radcliffe facilities and a dean of the University...
...death. But the previous archbishop, Geoffrey Fisher, resigned in 1961 right after one of his great achievements, the historic visit to Pope John XXIII. Incumbent Archbishop Michael Ramsey, 67, is rumored to be considering a similar move if this week's Anglican Synod approves his dream of a merger with the Methodists in Great Britain. The merger failed once before to achieve the necessary 75% approval, however, and prospects this time look little better...
...while it seemed that the Hearst Corp., which owns the Record American, might provide a lifeline. There was talk of a merger that would convert Hearst's tabloid into a standard-sized afternoon paper that would be printed in the Herald's modern plant. But when WHDH was finally lost, Hearst stiffened its terms and is now reported to be interested only in buying the Herald's plant and assets. The corporation's annual meeting, originally scheduled for next week, has been postponed indefinitely while the board ponders the Hearst proposal. But, says one Herald executive...
...Senate subcommittee investigating antitrust implications of the proposed ABA-NBA merger was told yesterday that it is the ABA's failure to draw fans, not the bidding war with the rival NBA, that is the prime reason some ABA teams are in danger of folding...