August 15, 1998 |
Republic Industries, continuing its aggressive effort to amass auto dealerships, said Friday it has agreed to buy three dealership groups in Southern California, including Buena Park-based House of Imports, the largest Mercedes-Benz dealer in the nation. The deals, which also include the region's largest seller of Jeep vehicles, will make Republic one of the largest car retailers in Southern California.
May 29, 1994 |
It's called the silk-scarf syndrome. Howard Hughes, Carl Icahn, Donald Trump, Alfred Checchi, Frank Lorenzo--the airline industry has a history of luring tycoons to the romance of the skies only to have them run into high-flying trouble. "It's the idea that it's a company like other companies: You throw the silk scarf around your neck, sell tickets and off you go. It's a lot more complicated than that," said Philip Roberts, a Hayward, Calif., aviation consultant. Fort Worth investor David Bonderman and his partners led the bankruptcy bailout of Continental Airlines and are angling to do the same with America West.
October 24, 1998 |
The federal government filed suit Friday to block Northwest Airlines Corp.'s plan to buy a controlling stake in Continental Airlines Inc., saying it would unlawfully limit competition in the U.S. airline industry. The suit, filed in federal court in Detroit, charges that the plan would effectively merge the nation's No. 4 and No. 5 carriers, even though each says it would remain independent.
November 3, 1992 |
At least two investor groups met a Monday deadline to make formal bids for Continental Airlines, giving the carrier a choice between reorienting itself toward Canada or Mexico. At the same time, Lufthansa German Airlines, which had shown an interest in making a formal bid with Los Angeles businessman Marvin Davis, dropped out on Monday.
April 16, 2000 |
Courier travel can work to the advantage of the lone traveler with patience and endurance to spare. But flying as a courier is not the incredible bargain that some consumers imagine. It's not free, as it sometimes was a decade ago. If you're flexible and you travel light, it could be a way to save as much as 50% on overseas air fares.
August 7, 1990 |
Chances are that no one will say anything directly to Stephen Clark about it, but the pressure will be there, hovering around him, fueled by his own expectations and the fickle habits of the local television news audience. After two years as weekend anchor and reporter with KGTV (Channel 10), Clark has been tabbed to replace anchorman Michael Tuck, the closest thing to a star in local television news and the key cog in Channel 10's top-rated newscasts.
October 5, 1990 |
Astute listeners might notice a difference between Michael Bolton's recently released single of "Georgia on My Mind" and the same song on his multi-platinum CBS album, "Soul Provider." And Michael Brecker isn't happy about it. CBS edited out of the single a solo by saxman Brecker and replaced it with one by fellow saxophonist Kenny G. Brecker--who has recorded solos on records by Bruce Springsteen, John Lennon, Paul Simon and Frank Sinatra--remains on the album's "Georgia" track.
July 1, 1999 |
After helping to create AutoNation, which became a Goliath in auto retailing with 380 dealerships under its name, Steve Berrard announced Wednesday that he was stepping down in an effort to bolster the company's stagnant stock price. Berrard's unusual exit comes after the company has encountered setbacks in its strategy of building a chain of outlets that could outperform the hodgepodge of local dealerships that dominate the industry.
December 20, 2002 |
Clarence Price is a rarity among Acura dealers: He's black. Of 260 U.S. dealerships selling the luxury brand of Honda Motor Co., Price's Bakersfield lot is one of just six owned by African Americans -- a circumstance found throughout the industry, according to a recently released report. Only three African American owners are counted among the 623 U.S. dealers for Mitsubishi Motors Corp., the Washington-based National Assn. of Minority Automobile Dealers said in its report.
December 13, 2002 |
DirecTV has secured the NFL Sunday Ticket pay package exclusively through the 2005 season and nonexclusively through the 2007 season. That means the package will be available only on DirecTV for three years. It could become available on digital cable as well after that, although not be on another satellite service. The five-year agreement provides DirecTV with a powerful weapon in its war with cable and satellite rivals.