Word: northwest
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...mutual-fund pioneer (Chemical Fund), but his greatest fame came from his ability to help arrange some of industry's biggest mergers over the years: Dodge and Chrysler, United Artists and Transamerica Corp., Douglas Aircraft and McDonnell Aircraft and, on the day of his death, Northeast and Northwest Airlines...
...past twelve years-in 1966, when a strike grounded competitors. Otherwise, it lost up to $10 million annually. Last week, however, "The All-Steak Airline" became a pioneer of sorts. After numerous unsuccessful efforts to sell Northeast, Storer Broadcasting Co., which owns 86% of the stock, induced Northwest Airlines to take it. The merger would be the first among U.S. trunk lines since United acquired Capital in 1961, and could set off a new round of airline consolidations...
Fire Sale. For Storer, which acquired its Northeast stock from Hughes Tool Co. in 1965, the deal makes sense. True, Northwest will give only one share of its stock, worth about $35, for five Northeast shares, which traded at a total of almost $70 just before the announcement. Individual shareholders in Northeast will take a drubbing, and they have started to organize and protest; but even at the fire-sale price, Storer will get out with a profit. It has put $35 million into Northeast, and will receive Northwest stock currently worth around $38 million, plus a Northwest promise...
...question is what Northwest, which is the most profitable of the eleven U.S. trunk lines, wants with the money-losing carrier. St. Paul-based Northwest has earned more than $50 million in each of the past three years, flying high on routes that link the U.S. East and West coasts with the Orient. Boston-based Northeast is an odd amalgam of New England regional service, commuter runs to New York and Washington and vacation routes to Florida, Bermuda and the Bahamas. Its services to the South attract heavy traffic in the winter months, and little but heavy expenses the rest...
WASHINGTON, D. C., Nov 14-The smell of tear gas drenched the embassy district in northwest Washington tonight after the police broke up a group of nearly 3000 NLF supporters attempting to march on the South Vietnamese Embassy. There were at least 13 arrests...