Word: slump
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BALTIMORE -- Bob Boone snapped a 1-for-23 slump with a pair of run-scoring singles yesterday as the California Angels defeated the Baltimore Orioles...
Sperry, started in 1933 as a maker of navigational equipment, treasures its independence. But going it alone could become increasingly difficult because of heated competition from Japan and an industry-wide slump in sales. Burroughs, facing the same problems, thinks the merger would allow the two companies to cut expenses by combining their purchasing, research and development, and other departments. More important, the combined bulk of the company could give reassurance to cautious computer buyers, who often prefer IBM simply because it stands so large and secure. Says Michael Geran, who studies the industry for E.F. Hutton: "The merger makes...
...Crimson wasted no time in putting an end to its hitting slump...
...Airlines has put on hold the start-up of a new route from Miami to Madrid. The reason: lack of business. Says Hal Rosenbluth, president of a Philadelphia travel agency: "I think the public tends to perceive the U.S. flag carriers as targets." The airlines most immune to the slump are national carriers of northern European countries, which include the Netherlands' KLM, West Germany's Lufthansa and Belgium's Sabena. Israel's El Al, which adheres to rigorous security measures, also remains popular...
Farmers have a lot to gain from the oil-price slump. Agriculture absorbs 3% of all energy consumed in the U.S. each year--for diesel- and gasoline-powered machinery, for petroleum-based fertilizers and pesticides, and for pumps used to lift and distribute irrigation water. With spring planting on the way, the timing of the oil-price collapse is, from the farmer's point of view, well- nigh perfect. Diesel-fuel prices have dropped so far this year by anywhere from 23 cents to 30 cents per gal., to as low as 50 cents. Costs are expected to come down...