Word: ownerships
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Dates: during 2000-2009
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...start a competing international edition and choke off any further subsidy of the Herald Tribune, which lost about $5 million last year. Graham responded with an indignant internal memo accusing the Times of "threatening the future of the newspaper and its staff." Graham concluded, however, that continued joint ownership of the Herald Tribune was "untenable." The talks ended with the Times's signing a letter of intent to buy the Post's stake in the paper for just under $75 million...
...airline has enjoyed big savings by never having the type of defined-benefit pension plan that is proving so troublesome for other carriers. Pension plans at eight major airlines are underfunded to the tune of $12 billion. Southwest was, however, the first major airline to establish an employee stock-ownership plan without asking for wage concessions...
Some companies are getting permission from arenas to sublease their suites. Stadiums are also permitting joint ownership. At one of the newest, Miller Park in Milwaukee, Wis., 75% of the suites are co-owned, some by as many as four firms...
Back at Canandaigua, Moramarco values his Italian ancestry, but his business methods are all-American. The consolidation process, he says, is only beginning: "It won't be so apparent. You won't see a bunch of different wineries closed down--just different corporate ownership." Asked who might be next on the acquisition list, he smiles and says, "A lot of conversations are going on." And he heads off to catch a plane. --With reporting by Maryann Bird/London, Lisa Clausen/Melbourne, Adam Smith/Paris and Mimi Murphy/Rome
...Home ownership has never been more pervasive across the U.S., and judging by the success of television's Trading Spaces and hgtv and the introduction of new shelter magazines such as Cachet, LivingRoom and Chic Simple, neither has home obsession. Low interest rates and an inhospitable stock market have redirected money and attention back to real estate. Home sales, although slowing a bit recently, should break a record, according to the National Association of Realtors. Rising home values also contribute to an increase in remodeling, as families find themselves priced out of the next step up. They add space...