Word: nippon
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After 18 years pitching for Hanshin, Nankai, Hiroshima, Nippon and Seibu in the Japanese League, the 36-year-old Enatsu is trying to hurl his way onto the Milwaukee Brewers this spring...
...wanted to use their technology at the Games, called Chairman Frank Cary. The firm that sponsored the Games, Ueberroth said solicitously, would gain a global identity with the next generation of youth. Of course, he warned, another mammoth company with only three letters was interested; that was NEC, the Nippon Electric Company. IBM eventually signed on. Ueberroth had wanted the American company, partly out of patriotic loyalty. But threatening to play the foreign card was no bluff. When Eastman Kodak complained bitterly that no photo company would pay $4 million for a sponsorship, Ueberroth unhesitatingly switched to Japan's Fuji...
...breakup of American Telephone & Telegraph became effective. Then, in early December, Britain sold majority control of the government-owned British Telecom to private investors in the largest stock sale ever. Last week the Japanese Diet joined the trend. It voted to end the state monopoly of Nippon Telegraph and Telephone (fiscal 1983 sales: $18.4 billion), the country's phone company. Beginning in April the government will offer half of NTT's shares for sale over a five-year period, and could eventually sell up to two-thirds of the stock. The firm will immediately become Japan...
National first approached Nippon Kokan about a joint venture last July. Love knew that the Japanese company wanted a beachhead in the U.S. In 1979 Nippon Kokan considered buying plants from Kaiser Steel, but backed out after deciding that the facilities were outdated. Last year the Japanese firm broke off negotiations to buy Ford's Rouge Steel unit, mainly because the United Auto Workers would not make wage concessions. This time Nippon Kokan did not insist on a new contract with National's steelworkers, though they make an average of $21 an hour in wages and benefits, compared...
...Nippon Kokan President Minoru Kanao said that the venture is "in line with our long-cherished strategy to obtain a production outpost in the U.S." He wants to sell steel to the Japanese automakers that are building assembly lines in America, but Kanao feared that Washington might raise protectionist barriers. Imports from Japan, South Korea, Mexico and other countries have captured about 25% of the American steel market, and U.S. companies are pressuring Congress to limit the foreign share...