Word: ralstons
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Still, some U.S. firms have succeeded. IBM, Polaroid, NCR, Ralston Purina and Motorola have flourishing Japanese operations. McDonald's of Japan is the country's largest food-service company, with 457 shops. 7-Eleven has 2,299 stores in Japan, 308 of which opened during the past year. IBM has been operating in Japan since 1937, and earns more than $350 million a year there. Among the reasons: the vast majority of its 15,000 employees in Japan are locals, and the company works with several Japanese partners, including Mitsubishi and Kanematsu-Gosho...
...Geneen left the board in May 1983 that Araskog, a West Point graduate who grew up on a Minnesota farm, could assume full command. The clearest signal that he was committed to major divestitures came last August, when ITT sold Continental Baking, which makes Wonder bread and Twinkies, to Ralston Purina for $475 million...
...which are indiscriminate with their low-rent rendezvous. Further, the AKC is one of the oldest amateur-sports governing bodies in the U.S., and it oversees about 10,000 dog shows, obedience trials and field trials annually. To boot (now comes the information picked up around the fringe), Ralston Purina is self-described as "the most trusted name in pet foods," while Mighty Dog is "the pure beef brand," though Kal Kan is "the stuff great dogs are made of and Edge is "rich in brewer's yeast...
...Nestlé-Carnation deal continues a streak of mergers in the competitive food industry. Last month Chicago's Beatrice (Tropicana, La Choy) bought Esmark (Swift, Peter Pan) for $2.8 billion. Two weeks ago, Ralston Purina agreed to acquire ITT's Continental Baking division for $475 million. One reason for the takeovers is that business has turned sluggish as a result of the slowdown in U.S. population growth. Thus the easiest way for food companies to grow is to take over other firms. And as the Carnation purchase indicated, cows that are too contented may find themselves...
...lift tickets in supermarkets, trolls for new skiers with promotions aimed at Hispanics, and provides low air-fare deals with airlines ($49 for a one-way Minneapolis-to-Denver ticket) by absorbing the discounts at other concessions. Keystone - lifts, lodges and all - is owned and operated by one company (Ralston Purina, oddly enough, best known for animal feed). Thus Jones is in a much better position to optimize profits than Aspen Skiing Co., which owns lifts but not hotels and restaurants at nearby Aspen. Perhaps not coincidentally, Aspen is known as one of the last ski refuges of affluent singles...