Word: product
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...plaintiffs lawyer is Melvin Belli, 78, who is renowned for his personal-injury liability work. Belli thinks his case has been strengthened by court rulings in somewhat similar suits outside the tobacco industry. In the past, plaintiffs had to prove that a manufacturer was negligent in making its products. Recently, though, courts have allowed plaintiffs to collect damages without such proof. They need only establish that a manufacturer has made a defective product...
...investors, the lawsuits represent a cloud hanging over the industry. Philip Morris shares closed the week at 74 5/8, down 21% from their March high. R.J. Reynolds was at 25½, off 27% from its April peak. Admits Reynolds Chairman J. Tylee Wilson: "I believe that the product-liability issue is probably depressing the price of our stock...
Russ Togs signed Brinkley to a three-year contract in the hope that she could help them get into the upscale sportswear market, but the effort largely failed. Brinkley blames Russ Togs for not promoting her product after an initial push. Says she: "The Russ Togs management was not equipped to put ideas into action...
...success of a few products has inspired a host of others. Miles Laboratories sells a test for urinary-tract infections, Medical Frontiers markets a product called V.D. Alert to test for gonorrhea, and Thermascan expects to have a home check for breast diseases, including cancer, ready by 1987. Creative Strategies predicts that sales of self-care products will reach $1.8 billion by 1988, and Marketing Communications magazine has suggested that handy medical devices could become as ubiquitous as wristwatches...
...director of GUD Holdings. The tall, trim Campbell has a modest office in Melbourne's western suburbs above a plant that once made Ryco oil filters for automobiles. But last month, after reducing his workforce from 600 six years ago to just 50, Campbell closed the factory. Ryco-brand products will now be made overseas. "The total cost of labor for a process worker is $A49,000 a year. In China, it's $A2,500 a year. Add the cost of shipping and other things, and we can employ 15 people in China for the cost of one Australian worker...