Word: product
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...first such licensed product was probably the Mickey Mouse watch in 1933. Retailers now annually sell more than $40 billion worth of these goods, ranging from Dynasty perfume to Mr T guitars. The popularity of corporate logos may have begun with people who proudly sported the brand names of machinery they used, such as farmers who wore International Harvester caps or truck drivers with Peterbilt belt buckles. Anheuser-Busch during the 1970s began to put its Budweiser logo on such souvenirs as dart boards and Frisbees...
...economy would bounce back strongly from its poor performance during the first half of the year. Many private economists dismissed his forecast as predictable optimism from a White House cheerleader, but now it appears that Sprinkel may have been right. The Government said last week that the gross national product expanded at a 4.3% annual rate during the July-September quarter. That was far better than the 1.1% growth rate in the first six months of 1985. The news helped send the Dow Jones industrial average to a record close on Friday of 1464.33, up 29 points for the week...
...billion-dollar mergers and acquisitions become a commonplace in today's corporate world, many executives are finding that making spinoff deals may be easier than managing behemoth-size businesses. Last week Allied-Signal, the product of a $5 billion merger made just seven months ago, announced that it would be divesting itself of some 30 divisions, whose sales total $3 billion. The slimmed-down company plans to focus on its aerospace, automotive and chemicals groups. As part of the restructuring, Allied-Signal plans to eliminate 3,000 jobs and take other cost-cutting measures that should generate savings of about...
...research team discovered the key ingredient in the hearts of cattle and tested the potion for five years on some 250 women. Glycel will be marketed by Alfin Fragrances, a Manhattan-based perfume maker. Alfin expects to introduce Glycel by February in about 500 tony stores. The product line will reportedly range in price from a $30 skin cleanser to a $195 package of five items. MANAGEMENT Too Little Kick from Champale...
...your story on the cigarette makers' attempt to diversify, you mention the spate of product-liability cases [ECONOMY & BUSINESS, Nov. 18]. After having to practice respiratory therapy, I am no friend of the tobacco industry. But the suit against R.J. Reynolds brought by the family of the man who smoked two to three packs a day is going too far. People must take responsibility for their actions. Susan E. Beerman Sandusky, Ohio...