In the rough with makers of golf clubs; sales decline as products fail to attract new buyers

Article Abstract:

Even though the number of golfers is going up, inventories of clubs are also going up while prices have to come down in order to be competitive. The country's three largest club manufacturers have laid off employees and two small firms have filed bankruptcy. And if the United States Golf Association adopts a regulation that bans a Callaway club, Ely Callaway says he will sue.

United States, Forecasts, trends, outlooks, Sales & consumption, Sporting and athletic goods, not elsewhere classified, Sporting and Athletic Goods Manufacturing, Golf Clubs & Parts, Equipment and supplies, Golf, Golf clubs (Sporting goods), Golf equipment

---

Nippon Life sells big hotel in Los Angeles

Article Abstract:

What used to be referred to as the Western White House, the Century Plaza Hotel and Tower, has been sold by the Nippon Life Insurance Co. of Japan. A group of private investors are said to be paying $260 million for the Los Angeles hotel that used to be a favorite place of Ronald Reagan. The facility has been undergoing extensive renovation.

Comment:

Selling the Century Plaza Hotel and Tower to investors

Japan, Asset sales & divestitures, Foreign operations, Life Insurance, Direct Life Insurance Carriers, California, Mergers, acquisitions and divestments, Insurance industry, Life insurance industry, Hotels and motels, Los Angeles, California, Nippon Life Insurance Co.

---

Similar abstracts:

• Abstracts: Japan waits as 2 banks weigh merger. Japanese banks cutting back on US presence
• Abstracts: J&J plans job cuts, $800 million charge. Drug to lower cholesterol gets boost in study
• Abstracts: GM orders cutbacks in discretionary spending. Nissan's crisis was made in the U.S.A. GM turns to computers to cut development costs
• Abstracts: Celadon prospers as its trucks cruise the NAFTA trail. Sara Lee Corp. recalls meat, plans charge. Lilly's net jumped 24% in 4th quarter as new drugs offset Prozac slowdown
• Abstracts: Safeway's resurgence is built on attention to detail. Nordstrom reports 18% increase in net, bolstered by gain, inventory controls

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.