September 6, 1994 |
Good news for Company Town readers: Vanity Fair magazine says America's new powerbrokers are the very people who grace these pages. Not the reporters, unfortunately, but a select group of 19 Information Age leaders that Vanity Fair calls the "New Establishment." In its upcoming issue, the magazine makes the case that this roster has replaced the "small group of WASP men whose breeding grounds were the playing fields of prep schools" and who ended up in government, the law and on Wall Street.
January 24, 1992 |
The Seattle Marios? A group of investors led by the president of Nintendo Co. of Japan on Thursday announced a $100-million offer to buy the Seattle Mariners baseball team. However, Baseball Commissioner Fay Vincent said it is "unlikely foreign investors would receive the requisite . . . approvals" from the team owners. The bid was announced at a Seattle press conference bristling with political and corporate notables.
June 24, 1995 |
A wave of mergers and acquisitions in the United States is reviving an unwanted headache for regulators: insider trading. "We have more insider-trading investigations now than at any time since the takeover boom in the 1980s," said Thomas Newkirk, associate director of enforcement for the Securities and Exchange Commission. Several of this year's largest merger announcements have been preceded by unusual trading. Thursday, shares of Scott Paper Co. jumped $2.50 to $46.875.
August 17, 1993 |
All that remained of John Elroy McCaw's estate after taxes and debt were paid was a small cable television system that his son built into the world's largest cellular telephone company in less than 25 years. Like his father, Craig O. McCaw risked huge debts to pursue a grand vision--a phone network in which any cellular customer could be reached anywhere, anytime, with the same number. On Monday that gamble paid off.
November 20, 1989 |
McCaw Cellular Communications Inc. said today it is boosting by more than $800 million its bid for shares of LIN Broadcasting Corp., which has resisted its advances by agreeing to merge with BellSouth Corp. In its latest offer, McCaw, the country's largest cellular communications company, said it is now seeking 22.5 million LIN shares at $150 each, up from 22 million at $125 each. McCaw said the new offer hikes the value of the nation's No. 7 cellular company to about $7.
July 16, 1994 |
AT&T Corp., which for weeks has been running TV ads depicting a futuristic era of go-anywhere communications, moved a step closer to that goal Friday as the Justice Department cleared the way for the company's $12.6-billion acquisition of McCaw Cellular Communications Inc.
December 12, 1989 |
BellSouth Corp. on Monday agreed to terminate the proposed merger of its cellular telephone interests with those of Lin Broadcasting Corp., clearing the way for McCaw Cellular Communications Inc. to buy a controlling interest in Lin for $3.38 billion. Lin last week asked BellSouth to terminate its September agreement for merging the cellular telephone operations in a non-cash deal. Lin last week recommended its shareholders approve McCaw's latest offer.
October 29, 1990 |
The next two years will bring important breakthroughs in telephone communication with airplanes, telecommunications companies say. Not only will passengers be able to place phone calls--as they can now--they'll be able to receive them, along with facsimile messages and data from portable computers. Some are describing it as "the office in the sky." Kirkland, Wash.-based McCaw Cellular Communications Inc. and Germantown, Md.
August 1, 1995 |
AT&T Corp. said Monday that it will offer cellular and paging services to its long-distance customers in its first major wireless expansion since it acquired McCaw Cellular Communications Inc. last September. The move could turn AT&T's 90 million customers into wireless users as well, significantly strengthening McCaw's position as the nation's largest provider of mobile telephones. Beginning Sept.
January 12, 1995 |
Hand-Held Ticket Counters? American Airlines plans to deploy wireless devices in its hub airports and other major cities this year that will allow ticket agents to wander along lines and thus cut passenger waiting times, officials said Wednesday. American has been testing the system in Dallas and Miami over the past year and now plans to roll it out in New York, Chicago, San Juan, Puerto Rico, Los Angeles, Raleigh, N.C.