Paramount directors urge shareholders to reject Viacom bid
Paramount Communications asks investors to spurn Viacom and back a merger with QVC Network, setting a February 1 deadline amid a four month bidding war. Viacom boosts cash to 105 a share for 50.1 percent, announces Blockbuster merger, and touts offer superiority over QVC. Cox Enterprises backs QVC bid.
MENTIONED IN THIS ARTICLE
Paramount Communications Inc
Viacom Inc
QVC Network Inc
Paramount
QVC
Viacom
Blockbuster Entertainment Corp
Paramount Board
Qvc’s
Cox Enterprises Inc
Tribune Newspapers
Amex Unveils New Corporate Purchasing Card for Small Purchases
American Express introduced its first new plastic card in seven years the Corporate Purchasing Card aimed at capturing a share of the 250 billion dollars companies spend on small purchases annually. The card simplifies procurement for items under 1000 dollars reducing processing costs though Amex must sign up industrial suppliers who will pay about 2.5 percent of each transaction.
MENTIONED IN THIS ARTICLE
American Express Co
American Express
UsaAir offers free tickets to funeral directors for cargo flights
Funeral directors can call a special line to arrange flight travel for bodies and mourners. For every 30 corpses shipped, directors earn a complimentary domestic round trip ticket. Since October, USAir has issued 12 tickets. The offer aims to boost cargo revenue as passenger travel declines in profitability. Bodies account for about 5 percent of USAir cargo, a small share of total income.
MENTIONED IN THIS ARTICLE
Usair
Motorola sells to PacTel PacTel Cellular orders $70 million
PacTel Cellular, part of Pacific Telesis Group, orders $70 million worth of Motorola cellular equipment to build a high volume wireless network in the Los Angeles area. The contract could reach $130 million by 2000 as PacTel expands to Atlanta, San Diego and Sacramento. The L A network should be online in early 1995 and serve about 4 million customers, roughly a quarter of the region's 15 million people.
MENTIONED IN THIS ARTICLE
PacTel Cellular
Motorola Inc
Los Angeles
PacTel
Atlanta
San Diego
Sacramento
Calif
Pacific Telesis Group
Aztec Buys Industrial Land in Gilbert for 215000
Aztec Materials, a division of Chandler based Ready Mix, expands in the East Valley by purchasing 4.3 acres of Baseline Road industrial land west of McQueen Road in Gilbert for 215 500. Daum Commercial Real Estate broker Andy Mellen arranged the deal for Baseline Railway Partners and the buyer.
MENTIONED IN THIS ARTICLE
Aztec Materials
Ready Mix
East Valley
Aztec
Baseline Road
McQueen Road
Gilbert
Daum Commercial Real Estate
Andy Mellen
Baseline Railway Partners
Wholesale price rise slows to 0.2 percent in 1993
The Labor Department reports a 0.2 percent December rise in the Producer Price Index, the smallest annual increase since 1991, as lower gasoline costs offset higher food prices. Core inflation up 0.4 percent for 1993, while December PPI fell 0.1 percent due to gasoline drops and rising food costs.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Federal Reserve
Bruce Steinberg
Merrill Lynch
New York
Gordon Richards
National Association of Manufacturers
Ernest Varney signs on for MegaFoods ads again
MegaFoods Stores Inc extends comedian Jim Varney as its ad spokesman for another year. A seven spot TV campaign will run across Phoenix San Diego Las Vegas and Texans’ Supermarkets in San Antonio plus supporting newspaper direct mail and store ads. Varney’s Ernest character remains popular with children ages two to eleven and has a growing adult fan base.
MENTIONED IN THIS ARTICLE
Jim Varney
Beverly Hillbillies
MegaFoods Stores Inc
Varney
Ernest
Rita Sanders
MegaFoods
Vern
Sanders
Phoenix
San Diego
Las Vegas
San Antonio
America West becomes official carrier for MGM Grand Las Vegas
America West Airlines signs marketing deal making it official airline of MGM Grand Hotel and related venues in Las Vegas. The pact gives America West Vacations exclusive rights to package MGM Grand Adventures and Grand Garden events in its markets. The MGM Grand complex opened with record celebrations and plans space for an America West ticket office by March end.
MENTIONED IN THIS ARTICLE
America West Airlines
Mgm Grand Hotel
Las Vegas
Mgm Grand Garden Arena
Thomas Burns
America West
America West Vacations
MGM Grand Adventures
Grand Garden
Burns
MGM Grand
Barbra Streisand
MGM Grand Gardens
Nevada
Valley
Syl Hutchinson
Commerce nominee wins Senate committee approval
The Senate Commerce and Economic Development Committee backed Sara Goertzen for director of the Department of Commerce with a single dissenting question from Sen. Lito Peña about a housing bond decision. The panel also unanimously recommended Greg Gilstrap to head the Department of Tourism, a post he has held since last summer.
MENTIONED IN THIS ARTICLE
Commerce
Senate Committee
Senate Commerce and Economic Development Committee
Sara Goertzen
Department of Commerce
Goertzen
IDA
Greg Gilstrap
State Department of Tourism
Gilstrap
Arizona
Kansas
Tandy expansion includes Tempe and 3600 new jobs
Tandy Corp plans rapid retail growth in 1994 adding more than 3,600 jobs as 24 new Computer City stores and six Incredible Universe warehouses come online. One 188,000 square foot Incredible Universe will be built at Tempe Baseline/I-10. Two stores will open in Tempe and Miami with four other sites unnamed.
MENTIONED IN THIS ARTICLE
Tandy
Tempe
Tandy Corp
Computer City
Incredible Universe
Interstate 10
Baseline Road
John Roach
Miami
Radio Shack
McDuff Electronics
VideoConcepts
the Edge In Electronics
Also Mentioned on This Page
Motorola
The
Associated Press
Donald Ratajczak
Georgia State University
Midwest
MGM Hotel
Howard Fischer
Capitol Media Services
Committee
Senate
Sen
Lito Pena
Department
Pena
Pima County
Citizens Utility Co
Dow Jones
Nyse Index
UTE LLC Et OL
NYSE
S&p
U.S
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