Word: northwest
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Dates: during 1980-1989
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Davis still tells friends that Goldwyn never got his name straight, referring to him as "Marvin." That slight dogs the Paramount chief to this ( day: he is often confused with Marvin Davis, the Denver oilman who is making a bid for Northwest Airlines. As the struggle for control of Time Inc. heats up, Martin Davis' relative obscurity is likely...
...same day, 1,000 miles to the northwest, the spirit of Western boosterism took a fall almost as jarring as the Denver vote was exhilarating. In another special election, Seattle voters approved severe restrictions on the height and size of buildings that can be put up in the downtown area during the next ten years. The limits were contained in a citizens' initiative put forward as an alternative to a less restrictive plan favored by the city council and Mayor Charles Royer. With a turnout of only 23%, the tougher rules were approved...
Before deregulation, the five largest U.S. carriers controlled 63% of the passenger business. While many supporters of the 1978 legislation hoped it would reduce the concentration of market share among the top carriers, the opposite has happened. Today the five largest airlines -- American, United, Delta, Northwest and Continental -- control 70% of the industry traffic...
...industry as a whole reaped record profits of $2.9 billion during 1988, a mark that most experts predict will be exceeded this year. The majority of the healthy airlines have put a renewed focus on improving service and employee morale. Says Alan Muncaster, a Northwest vice president: "We've been through a cultural change. There's a new philosophy stressing candor and cooperation...
...entrepreneurs in the industry." Trump's nearly final $365 million agreement to buy Eastern's shuttle operations was put in jeopardy again last week when Phoenix-based America West Airlines offered to pay some $25 million more for the shuttle, plus $335 million for ten additional Eastern aircraft. Northwest, meanwhile, is trying to fight off a takeover by Denver oilman Marvin Davis, who has bid $2.6 billion for the airline...