USX Chair Pick Faces Icahn Pressure and Breakup Debate
Incoming USX chair Corry backs restructuring as Icahn pushes for a break up of USX into steel and energy. Analysts flag potential $50 a share value if split, while others deem USX overvalued due to Icahn takeover chatter. Corry, long in Roderick’s shadow, must balance legacy gains with pressure to spin off steel or resist bids.
MENTIONED IN THIS ARTICLE
Kahn
U.S. Steel
USX
Wall Street
Roderick
Bruce Lazier
Prescott Ball & Turben Inc
New York
Charles Bradford
Merrill Lynch Capital Markets Inc
Icahn
Tcahn
Corry
Energy
Texas Oil & Gas Corp
Trans World Airlines Inc
Texaco Inc
Texaco
Bradford
Merrill Lynch
Kraft General Foods reshapes structure to salvage brands
Kraft General Foods merges brands into semi autonomous units to isolate problem areas like Maxwell House and Post cereals while pursuing growth in meals and desserts. Analysts expect cost cuts and selective divestitures with stronger international performance and potential leadership moves as Philip Morris tightens its food focus.
MENTIONED IN THIS ARTICLE
Maxwell House
Maxwell House Coffee
General Foods USA
Procter & Gamble
Folger
McMillin
Miles L. Marsh
Kraft General Foods Organization
Post
Marsh
Kraft
General Foods
Maxwell
Philip Morris
Wall Street
Roy D. Barry
Kidder, Peabody & Co
Erwin R. Shames
Kraft USA
Kraft General Foods
Paine- Webber
Goldman
Latin America
New York
Miles
Splashies placemats splash into Chicago area restaurants
Terri Pantaleo and Integra Development created Splashies, plastic placemats with water channels and moving figures. Since marketing three months ago, about 30,000 have sold to restaurants like Barnum & Bagel in Skokie and Bob Knapp's in Bloomington. Pantaleo pivoted from teaching after job loss to product development with partner Donald Perrin, seeking overseas production and a California distributor Catena International to handle inventory and royalties.
MENTIONED IN THIS ARTICLE
Integra Development Inc
Barnum & Bagel
Skokie
Leo Osher
Victor
California
Catena International Inc
Also Mentioned on This Page
John Jacobson
AUS Consultants
U.S
Succes
Sor
Bush
Reagan
Lazier
USK
David M. Roderick
Page C
John McMillin
Prudential Bache Securities Inc
Emanuel Goldman
PaineWebber Inc
John Maxwell
Wheat First Securities
Hamish Maxwell
Post Cereals
Kellogg
Kool-Aid
Jell-O
Wishbone
Hidden Valley Ranch
Oscar Mayer
Birds Eye
By Steven Morris
Chicago Tribune
Chicago
Terri Pantaleo
National Restaurant Association
Pantaleo
Berwyn
Northern Iinois University
Donald Perrin
Gerber Products Co
Don
Taiwan
Chemical Companies
And
Scien
Anchor National Financial Services
Pacific Stock Exchange
NASD
SIPC
Cis
Mateal Fonds
Gary Scott
CFP
Keith Wurster
CPA
Broad St
Elyria
Ohio
Campana’s
Midway Square
Mar
Leens St
GDM Securities Inc
Dollar Bank Central Trust Co. of
Northern
Lorain County Bank
Lorain National Bank
Elyria Savings & Trust
Trevern and Ratespeed
Mizurayan
Seganines
Hills
Gooper-Foster Road
Hills Avenue
Amherst
Cleveland St. Lycia
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