Word: steels
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...Israeli circle of steel swung shut around Beirut. Caught in the ancient city, the forces of the Palestine Liberation Organization braced for the final assault. But far more than the P.L.O.'s fate hung in the balance. Israel's blitz had thoroughly scrambled the pieces of the Middle East puzzle, posing enormous risks and offering unexpected opportunities to work for peace in that embattled and strategically vital corner of the world. If the P.L.O. were neutralized and the Syrians persuaded to depart the country, there would be a chance that a strong, stable Lebanese government could be shaped from...
Will this merger tend to create a monopoly or will it further competition? That simple question can often lead to a bewilderingly complex discussion among economists and antitrust lawyers about what exactly constitutes a market. Whether the product in question is shoes or steel, it is first necessary to size up the market before deciding whether or not a merger or acquisition endangers competition...
Whenever business has soured, steel executives have sought Government protection, usually by arguing that all they need is a li little breathing room so that they can modernize their factories. Rather than using the time to upgrade their plants, however, the companies have been down grading their steel operations...
During the past year alone, a number of the biggest and best-known American steel companies have been diversifying out of the industry. U.S. Steel spent $6.2 billion to acquire Marathon Oil Co. The steel giant is now seeking to sell off a 50% interest in RMI Co., the second largest American producer of titanium, a steel-like strategic metal that is crucial to the aerospace industry, to help pay for the Marathon take over. Meanwhile, National Steel Corp., the sixth largest U.S. producer, has spent $75 million to take over savings and loans in Miami and New York...
Last week's Commerce Department rulings might give U.S. steel producers some more of that precious breathing room they keep asking for in order to get their industry back on track. The action, though, could bring on the very sort of risky and pointless transatlantic trade battles that would benefit no one. Either way, the outlook for steelmen is not encouraging. not encouraging. - By Christopher Byron. Reported by Gisela Bolte/Washington and Lawrence Malkin/Paris