Word: offload
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...crazes, this one started in the U.S. Sales and spin-offs accounted for 35% of M and A activity on Wall Street last year, up from 21% in 2000. Companies like Tyco International and Citigroup are jettisoning divisions; others, including GE, the Hilton Group and Motorola, are expected to offload units soon. In Europe, the market is smaller, but it's growing exponentially. According to J.P. Morgan, sales and spin-offs represented 8.2% of pan-European M and A activity last year, up from 2.8% in 1999. In the same period, Europe's entire M and A market nosedived nearly...
...Woolworths general merchandise stores, and there is now intense speculation - not denied by Kingfisher - that the retailer will rid itself of its electronics group, which includes Comet in the U.K., Darty in France and other chains in Belgium, Germany, the Netherlands and Eastern Europe. Diageo wants to offload Burger King, the fast-food chain it has owned for about 13 years, to concentrate on alcoholic beverages...
...warning bell sounded last year when the giant BMG Classics began to offload several of its most famous artists, including the percussionist Evelyn Glennie. There was speculation that when company sales failed to justify inflated costs of pop-star-like promotions, which can exceed $500,000, the management cried, "Re-structure." BMG declines to comment...
Taking advantage of Prohibition in 1920, Luciano and Lansky supplied booze to Manhattan speakeasies. While others used small boats to offload mother ships, their contacts enabled them to dock ships in New York harbor...
...does the fact that Uli can accommodate only eight planes easily and gives priority to the gunrunners. Weakened by hunger, Biafran ground crews sag noticeably unloading second or third flights. When the Ilyushin drops one of its bombs, the Biafrans vanish, leaving the plane crews and church officials to offload the cargo themselves. Twenty-four missions in one night is the squadron record. The average is closer to half that many...