Word: retailing
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...Office of Strategic Services, the forerunner of the CIA. After the war, he helped launch an exchange firm in New York that rapidly expanded and eventually had 70 currency outlets throughout the world. In the gold-rush days of the late '70s, Deak & Co. was handling 20% of U.S. retail gold sales...
...Chinese authorities to move there. Some 270,000 people from Hong Kong stream in every week to visit and sight-see. Two of the most popular stops: Sea World and Honey Lake amusement park, which features a monorail, Ferris wheel and double-loop roller coaster. In 1984, tourism and retail sales accounted for one-third of the zone's $666 million revenues. Even the industry that has sprung up is unimpressive. Instead of attracting the high-tech companies that Peking hoped for, Shenzhen produces mostly clothes, plastics and assembly-line electronic wares. Observes a Hong Kong official: "What [Hong Kong...
...computer manufacturer, which rose 26%, to 155½. Smaller companies scored even more spectacular gains. Genentech, the gene-splicing firm, jumped 95%, to 66 5/8. Zenith Laboratories, a drug manufacturer, more than tripled, from 6 1/2 to 20. Other industries with high-flying stocks included drugs, retail clothing, insurance, cable TV, pollution control, and lawn and garden products...
...regional companies, growing up means diversifying beyond their traditional business of providing local telephone service. The Baby Bells now own and operate computer retail stores selling both hardware and software. The companies manage financial-service and consulting firms. They own real estate, ranging from commercial skyscrapers to industrial factories. They publish directories, city guides and maps. In short, they are putting out lines in all directions. These new enterprises are expected to generate $4.3 billion of the regional companies' $69.6 billion in projected revenues this year...
Nynex, the holding company for phone operations in New York and part of New England, last week made a major diversification move by agreeing to buy IBM's 81 computer retail outlets for an estimated price of from $125 million to $150 million. Nynex plans to merge the stores with the 19 branches of its Datago computer chain. The newly named Nynex Business Centers will be the seventh-largest computer retailer...