Word: shamrocked
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...earthy. The product is peat, the decayed moss that the Irish have traditionally harvested from the bottom of bogs and burned for heat and in cooking. The Irish Turf Board said last week that sometime this fall it aims to start selling briquettes of the material -- packed in shamrock-adorned cardboard boxes containing twelve lbs. each -- in U.S. supermarkets. Ireland's peat harvesters hope the carton of sod will be a popular souvenir item among the 44 million Americans of Irish descent. John Foley, the Turf Board's marketing manager, envisions Americans burning peat on Christmas and St. Patrick...
...more stock in the hands of the remaining employees, Wall Street realized immediately what the company was up to: trying to boost the price of its shares and protect itself against takeovers. Little did the markets know, however, that Polaroid was already being stalked by a raider. For weeks, Shamrock Holdings, the investment company owned by Roy Disney, Walt's nephew, had been secretly accumulating Polaroid stock. At the same time, Shamrock sent letters to Polaroid's management proposing to buy the whole company. But Polaroid refused the offer, unveiling its restructuring plan instead. Last week the battle burst into...
...takeover attempt is the boldest move yet made by Disney, once disparaged as "Walt's idiot nephew." After leaving his uncle's company in 1977, Disney built Shamrock into a thriving enterprise that owns three TV and 14 radio stations. In 1984 Disney helped put together a new management team at the struggling Walt Disney Co. that transformed the firm into one of the hottest in the entertainment business. Now Disney apparently aims to do the same for Polaroid, which has not had strong growth in a decade...
Canadian Prime Minister Brian Mulroney and President Ronald Reagan sang and swapped jokes about their Irish heritage on St. Patrick's Day three years ago at the "Shamrock Summit" in Quebec City, but their friendship has soured since then. Last week it bottomed out over the unresolved problem of acid rain. Much of the pollution that falls on Canada is caused by the burning of coal and other fuels by U.S. industries. In a speech in New York City, Mulroney angrily declared, "It's ruining our lakes, it's killing our rivers, it's ruining our forests...
Fears that shipments to the U.S. would be increasingly constricted by trade barriers led Mulroney to propose a free-trade treaty to Reagan during the second "shamrock summit," which took place last year. Reagan, an avowed free trader, embraced the idea. But even as negotiations proceeded, bitter disputes arose. In one case, the Administration bowed to pressure from U.S. lumber companies by slapping a 35% tariff on Canadian cedar shakes and shingles...