Word: ponts
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...opponent campaigns aggressively in bowling alleys and at factory gates. She prefers cozy chats in private homes, where 30 or so guests can listen to her speech while munching on tuna sandwiches and fruitcake. Republican Elise du Pont, 48, wife of retiring Governor Pierre S. du Pont IV, is seeking her first elected office by running for Delaware's sole House seat against the Democratic incumbent Tom Carper. Most observers think that the former housewife's fortune and famed last name give her a strong chance of winning. She insists rather plaintively that this view works against...
...billion. The merchandise group did even better, earning a record $213 million, up 42% from January to June. Those performances came on top of the company's 56% earnings gain, to $1.3 billion, in 1983 over 1982. Sales last year reached nearly $36 billion, more than Du-Pont, General Electric or Gulf, and just behind IBM and Texaco...
...Monetary Conference held last week in Philadelphia had all the trappings of a gala affair. In the evenings, private bankers and government finance officials from 22 countries sipped champagne at the Philadelphia Museum of Art and sampled Viennese pastries in the gorgeous Longwood Gardens of the Pierre S. du Pont estate. But during the daytime closed-door meetings at the Bellevue Stratford Hotel, the business was serious and the mood sober. Bankers were groping once again for solutions to the Latin American debt dilemma, which was threatening to take another turn for the worse...
...Reagan Administration has approved some of the biggest corporate mergers in history: Du Pont and Conoco, U.S. Steel and Marathon Oil and, tentatively, Texaco and Getty. Last week, in a stunning reversal, it blocked the planned marriage of LTV and Republic Steel. Proposed in September, the deal would have created the second-largest steel company in America, behind U.S. Steel. Assistant Attorney General J. Paul McGrath, named two months ago to succeed William Baxter as the Justice Department's antitrust chief, said the merger would violate the Clayton Act, which bans excessive concentration in any industry...
...Hambrecht, a Princeton graduate who grew up on Long Island, N.Y., was a discontented broker working in the San Francisco office of Francis I. du Pont & Co., a now defunct New York City investment firm. One evening he stopped for a drink at the Kona Kai Club in San Diego with George Quist, a friend who was a venture-capital specialist for Bank of America. After commiserating a while over the excessive caution of big companies and consuming two bottles of wine, Hambrecht and Quist decided to launch their own venture-capital fund...