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Richard J Ferris

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BUSINESS
June 11, 1987 | ROBERTE. DALLOS, Times Staff Writer
Richard J. Ferris had planned to crisscross the country this week and next to visit Allegis Corp.'s large institutional investors and promote his dream of a full-service travel company. He was due in Boston today and Los Angeles next Tuesday. But his plans suddenly changed. Instead, Ferris spent Tuesday in the Manhattan board room of Morgan Stanley & Co., Allegis' investment adviser, defending--to his own directors--his diversification program and the recapitalization program that went with it.
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BUSINESS
June 3, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
In another investment in the troubled travel industry, former Baseball Commissioner Peter Ueberroth has acquired an interest in Boston-based Guest Quarters Hotels. Ueberroth joined Richard Ferris, the former chairman and chief executive of United Airlines, to purchase a stake in the chain from General Electric Investments Corp., which earlier this year became majority owner of Guest Quarters when it bought a share held by Westinghouse Credit Corp. Financial terms of the deal were not disclosed.
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BUSINESS
June 3, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
In another investment in the troubled travel industry, former Baseball Commissioner Peter Ueberroth has acquired an interest in Boston-based Guest Quarters Hotels. Ueberroth joined Richard Ferris, the former chairman and chief executive of United Airlines, to purchase a stake in the chain from General Electric Investments Corp., which earlier this year became majority owner of Guest Quarters when it bought a share held by Westinghouse Credit Corp. Financial terms of the deal were not disclosed.
BUSINESS
June 11, 1987 | ROBERTE. DALLOS, Times Staff Writer
Richard J. Ferris had planned to crisscross the country this week and next to visit Allegis Corp.'s large institutional investors and promote his dream of a full-service travel company. He was due in Boston today and Los Angeles next Tuesday. But his plans suddenly changed. Instead, Ferris spent Tuesday in the Manhattan board room of Morgan Stanley & Co., Allegis' investment adviser, defending--to his own directors--his diversification program and the recapitalization program that went with it.
BUSINESS
April 15, 1987
UAL Inc. Chairman Richard J. Ferris said a letter from pilots offering $4.5 billion for its United Airlines subsidiary is "unclear." In his first public statement since the offer was made 10 days ago, Ferris, in a letter to the pilots union, said the union letter making the offer was "in conflict with some of your recent statements to employees and the press."
SPORTS
March 2, 1994 | From Staff and Wire Reports
Deane Beman, who presided over a 20-year period of growth and prosperity--and controversy--has decided to resign as commissioner of the PGA Tour. Beman announced Tuesday he will not seek an extension of his contract, which runs through December, 1995. Beman, 55, a former U.S. and British Amateur champion and winner of four PGA Tour titles, said he hopes to compete in some senior tour events. Richard J. Ferris, tournament policy board chairman, said a selection committee has been appointed.
BUSINESS
February 19, 1987 | ROBERT E. DALLOS
UAL Inc., the holding company that owns United Airlines, Hertz rental car business and Westin Hotels & Resorts, said Wednesday that it will change its name to Allegis Corp. so the public will not think of it as simply an airline firm. "UAL was thought by many to simply mean United Airlines," Richard J. Ferris, the company's chairman and chief executive, said at a news conference in Chicago. "We are a travel company, not just a transportation company."
SPORTS
May 10, 1994 | From Associated Press
Tim Finchem was selected Monday to succeed Deane Beman as the commissioner of the PGA Tour. Finchem, 47, is deputy commissioner and chief operating officer of the tour. He will assume duties as the tour's third commissioner on June 1. The late Joe Dey was the first commissioner, from 1969 to 1974. Finchem was elected unanimously during a meeting of the tour's Tournament Policy Board, board chairman Richard J. Ferris said.
BUSINESS
June 12, 1985 | SAM JAMESON, Times Staff Writer
The chairmen of Pan American World Airways and United Airlines said here Tuesday that they expect President Reagan and the U.S. Transportation Department to approve by September United's planned purchase of Pan Am's Pacific routes. C.
BUSINESS
July 24, 1985
UAL Inc. said Tuesday that it lost $91 million in the second quarter because of the 29-day strike by pilots against its United Airlines unit. Trans World Airlines, meanwhile, said industry price cutting contributed to a 67% decline in its second-quarter profit compared to a year earlier. Chicago-based UAL said its latest loss compared to net income of $123.1 million a year earlier. Second-quarter revenue fell to $1.19 billion from $1.82 billion.
BUSINESS
February 5, 1986
UAL Inc., parent of United Airlines, said Tuesday that it had net earnings of $20.5 million in its fourth fiscal quarter, a decline of 69% from the same period of 1984. The company also posted a loss on operations of $77.1 million for the most recent quarter, which compared to an operating profit of $131 million in the year-earlier period. The net profit was produced by taking extra money out of pension funds. Richard J.
BUSINESS
May 1, 1987 | ROBERT E. DALLOS, Times Staff Writer
The chairman of United Airline's parent company tried Thursday to make peace with the airline's pilots, who have sought to purchase the carrier for $4.5 billion, even though he said the proposal has damaged the airline. But Chairman Richard J. Ferris of UAL Inc. said at the company's annual meeting that the pilots' efforts to buy United, which UAL has formally rejected, had been taken "seriously."
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