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Show D10 | BWDespiteVitewer Frenzy, Big Firms Now Make Up Smaller Part of Market Walker Ad Greenhalgh Hodgman Anderson Experts say global competition helps keep them from becoming too powerful BY ERICR. QUINONES THE A TRADEWINDS xon and Mobil might haveseemed as unlikely as, say. a professional wrestler being elected governor. Noweye-popping mergers of giant corporate rivals are commonplace. But to anyone who fearsthat a handful of companies will soon take over the Compiled by Steven Oberbeck Stephanie Walkerhas beenpro- First Security Corp. world, business experts say global competition is City, has promoted Christop moted to senior reinsurance spe- Just too strong. Greenhalgh to assistant relation- alist at the Beneficial Life Insuraac Co., Salt Lake City. She is graduate of Brigham Young Uni- “Asbig as companies might seem today, actually ship manager. He formerly was a management trainee. Vana Lee Fewkes Young has joined First Security as a mortgage loan officer. She formerly a real estate versity and has a bachelorofscience degree in mathematics QO ERA Mt. Land Realty. David Gilchrist has been promoted to vice president and business devel- opmentofficer. He formerly assistant vice president and b development officer. Joel L. bankafterserving 13 years as pres der has been namedassistant ident vicepresident andsenior consumer loan officer at First Security Bank Hejoined the bank in 1992 as a Long-time Utah resident John Hodgman, a graduateof Brigham Young University and the University of Utah, has beenpromotedto presidentand chief executive officer at Redwood City, Ca.-based CygnusInc., a makerofdrug delivnddiagnostic products. collector at the bank’s Boisecollec- tion center. “B” Murphy has been promoted to vice president in the corporate banking departmentat Zions Bank, Salt LakeCity. Hejoined Zionstwo years ago from Guardian State Bank wherehewasa business de- Q velopment officer A KNIGHTRIDDER NEWS SERVICE KUER,has been named managing editor of The Salt Lake Observer. Titze, who will specialize in political reporting, alsowill oversee daily production at the fortnightly newspaper in Salt Lake City o Professional geologist Scott C. Gladden has been appointed pro- ject managerthe eastern division infrastructure department of Kleinfelder. Fromoffices in Salt Lake City, he will be responsible for marketing engineering, geotechnical and construction man- agementservices in Utah, Arizona Oregon and Washington employees of both carriers who will benefit from sed job op} portunities.” Business Expr ess has been an “American Connection” feeder part tner for more than a year. It has a larger working relationship with Deita Air Lines Inc., flying as “I Delta Connection” and with Northincre; west Airlines Inc., flying as ‘Northwest Airlink.” Bowler indicated that Business Express will continue feeding passengers to the other airlines. “American Eagl le looks forward to working with eachofthepartnersto further develop Business Express as the premier feederairlineintheregion,” he said ' i | HOW MUCH YOUR RATSE WOULD GE IF RAISES (~ {| HADN'T BEEN (_ i] |ULFe Is DOING (GREAT! www dilbert.com aS Ip = wow! MY IMAGINARY i y—— 2 3[sRa © 1096 United Feature Syndicate, Inc DILBERT (THIS REPORT SHOWS PCCUWVBR aULCVAWAU]Bom ELANUNeg pg MAGNATON SHELL — CLASS A CLASS D $290 $430 CANAL CLASS A $390 ONENS (Now BACK TO PRETENDING 10 WORK. 7 Af companied bya focus onefficiency and cost-cutting as giant rivals combine and thenslash their overlapping businesses and employees The oil industry, in particular, has seen huge mergers as companies look for areas to slash costs and boostprofits amid a deep globalslump in prices. Financial institutions are combining in efforts to provide customers with a broad new arrayof ser- vices from checkingaccounts to insurancefo investment advice, Since a 1996 lawfreed local, long-dis- tance and cable companies to pursue each others’ businesses, phone companies have been scrambling to merge The result has beenan arrayof mergerscreating headlinesas startling as Minnesota Gov. Jesse “The Body” Ventura: namely deals between Exxon and Mobil, Daimler-Benz and Chrysler, America Online and Netscape Communications, Travelers and Citicorp, and NationsBank and BankAmerica. ‘ve long since gotten overthe thought that any deal should be unthinkable. aid Herald Ritch, co- head of mergers and acauiaitions at Donaldson, Lufkin & Jenrette. Some companies are trying to restore past domi- nance andbreak into new markets BY PAUL BLUSTEIN stock LExuUus ES S00 V6, Hront Wheel Dire Leather, CD Player Sunroof, Traction Control, Luxury Sedan Denon Veta Osa Complimentary Lunch & Seminarat: HOMETOWN: —BUFFET 5682 So. Redwood Rd, SLC UBD CRUE E NOSED een ABs Dee., 9,°12:30-PM Wed., Jan, 20,'12:30° PM REDUCE OR STOP PAYING TAX These include. @ Taxes On Interest Accumulation © Taxes On Social Security Benefits © Estate Taxes © Taxes On IRA Income & Capital Gains Happy CG Baccano Ristton(an lease signing. 12.000 miles per year Ret iconse, registration Dain 998 NDERSON ’AGENCY | Beneficial Life Insurance Co. - LARRY HH. mMKLER Cexus | 5701 South State * 264-3600 143 SOUTH MAIN SALT LAKE CITY 237-2018 necessarily create antitrust problems. Forinstance, NationsBank was allowed to buy BankAmerica, WoridCom bought MCI, Boeing bought McDonnell Douglas. But the Washington watchdogs have forced some companies to sell off pieces of themselves if they would dominate specific markets. Exxon and Mobil, for instance, will probably have to sell off gas stations and refineries in regions where, together, they would dominate the market. In some cases, the feds have blockeddeals entirely in less competitive industries. In the past year and a half, regulators quashed proposed mergers between office-products retailers Staples and Office Depot, defense giants Lockheed Martin and Northrop Grumman, and the nation's top four drug wholesalers. With Wall Street reviving from its summer slumber and once again letting companiesuse their highpriced stocks as currency to acquirerivals, regulatorswill have to be prepared for a heavier onslaught Fromelectrical utilities to entertainment companies, merger watchers say the boom will continue as long as the stock market remainsstrong Henry Jacoby, a management professor at the Massachusetts Institute of Technology, pointed to Rupert Murdoch’s NewsCorp. media conglomerate and U.S. auto giants General Motors and Ford as companies thatcould be looking to strengthen their Europeanoperations. “Let your imagination run,” said MIT's Jacoby. Free Trade Agreement. Acknowledgingthat the accord announced Friday leaves some contentiousi: sues unresolved, Agriculture Secretary Dan Glickman and U.S. Trade Representative Charlene Barshefskycalledit a “first step” that would have to be followed by further measures to make farm trade across the border“fairer.” directly to Canadian elevators. farmersin Montana and North Dakota to ship grain UTAH BIRTHS Platt BEEHIVE/COCHLEAR 7450so, 568-0404 QUALITY HEARING State 1-800-508-HEAR regulators have determined that big deals do not major irritant in relations between the United States Compiled by Antoinette Bens, Laurene A. Sowby and Amelia Pre-Arranged Funeral Plans While the combination of heavyweights might seem an unfair concentration of power, government blamefor driving down grain and meat prices. A farm-protes organizer said a border blockade planned for Sunday and Mondayin four states will go ahead as scheduled. Hans Monuments 1555 E, 3300 5. S.L.C., Utah Garner Funeral Home, 363-7065 The Salt Lake Tribune is a wholly owned subsid- iary of TCI “While we clearly have moreto do, the measures wehaveachieved today will help solve manyof the problemsfaced by grain growers, thecattle industry and pork producers,” said Barshefsky. The deal mainly involves streamlining oreliminating Canadian health and inspection procedures for U.S. agricultural products. The Canadian government promised to do awaywith its 30-day quarantine for U.S. hogs from30 states, allow 26 states to ship cattle to Canada under new regulations and allow The accord won the support of many U.S. farm The pact goes only part way toward removing a ALL MAKES & REPAIR ALL MAKES High Quality From An Honest Company With Honest Prices and Internet services through TVs. an unrestricted basis under the North American for failing to restrict Canadian imports, which they COMPLETE ket since being broken up by the governmentin 1984. AT&T is nowtrying furiously to crackinto the local phone business and is buying cable giant TeleCommunications Inc. with a plan to deliver phone and Canada, whichtheoreticallysell to each other on THE WASHINGTON POST WASHINGTON — In an effort to defuse U.S.Canadatensions overagricultural trade that have led to border blockades by American farmers against Canadian imports, the Clinton administration Friday announced an agreement with Ottawa to reduce Canadian barriers to U.S. grain and live- organizations and border-state lawmakers and governors. But some militant farmers and their champion, Sen. Byron Dorgan, D-N.D., denounced the deal FUNERAL SERVICES AT&Tis the best example, as the former longdistance monopolyhas lost half its share of that mar- U.S., Canada ReachPact on Grain and Livestock, But Protesters Vow to Block Border Anywa For thefinest in memorial art. We ICE? NO MIDD! WALK-AINS WELCOME - FREE TESTING, FREE MOLDS, ree 10 CAN HI f industries with many companies seeking to expand in the United States and in developing Asian and European markets. The quest for s e and global reach has been ac- encourage you to take your time and shop around when purchasing CLASS D $490 MSRP $35 472 $3.50 oa Monthly paym 0 daslar veriotyby Decembe ‘The merger frenzy has swept thoughavariety of Maria Titze, a reporter and producer at public radio station American Airlines Acquiring Regional Carrier AMR Corp., parent of Ameri Airlines Inc. and American Eagle Airlines Inc., said Frid; y thatit is buying Business xpress Airlines to beef up its northeastern U routes. Business Express is a regional carrier that offers 350dailyflights out of Boston, New York andother cities in'the Northeast and Canada. It has fleet of 43 Saab turbopropairplanes, but it is buying 20 small jets built by Brazilian manufacturer Embraer. “This acquisition is excellent news for travelersin the Northeast,’ said Peter Bowler, American Eagle’s president “This is also excellent news for the the large companies are a smaller fraction of the market than they were 20 and 30 yearsago,’ said JeremySiegel, professorof financeof the University of Pennsylvania’s Wharton School of Business. Reader agent/mortgage loan officer for JamesC. Anderson, chairmanof the board at Bank of Utah, has been named presidentof the company. Anderson has been with the bank more than 10years. Here places Roy C. Nelson, who left the ANALYSIS CIATED PRESS NEW YORK— Afewyearsago, a mergerof Ex- TheSalt LakeTribunenotesthefollowing births by parents’ names, residence. by, birth date and hospital. Rela. friends wishing to purchase ex today’s Tribunein commem dos0by calling 237. ALL er andTimothy, Provo, son, Nov 27,Utah Vallsy RegionalMedica) Gente, Poo rk, Logan, daughter LoganReal Hospital, Logan Auth Cynthia and ‘Timothy, Evanston, Now. 29, SaltLake Regional Med Si d Angela, PleasantGrove, m Community Hospital ANDERSON and Thane, Spanish Fork son, Nov. 29, L ey Regional Medical Center, Provo ARCHIBALD, ad John, Logan, ugh a 1 y. daught alleyReglonalMedea ¢ wo, daughter pal Medical Cen Juar fan Regional Hosph Lo wala "Amy andChris, Orein, dsughter Nov h Valley Regional Medical ( Pr oralee and MAESTAS, Joshua, West n, Dee. 1, Sait LakeRegional Medi Reglonal Med: nd erry, Ogden, son, Dee andital.Ogden William. Murray, son pita, Salt LakeKayevile City son, Hand. Rodoey. Dec. 1, MeKay-bee Hospital Ogden jetissa and Camren, Orem,son, No, 26 Or Troy, Kearns,son, Dee. 2, tal, Sandy and Shannon, Provo, gon ley Regional Medical Cex BISHOP, Tricia and Jack, Logan, son, Dee. 1 eka RegionalHospital, Log Lyle, Orem, daughter, De. 1 ean ValleyRe onalMedical Ceater: Prove orge. OTT, Kara and John Adi at ‘on, son, Nov. “ ‘Utah Valley Regional Medical Center, Pro BRADLEY,Heidie and Chris, Salt Lake City daughter, Dec. 1, Cottonwood Hospital, Mur. BERGER; Dione and Mike, Rey, daugh 3, McKay De Hospital, Ogden now, Cindyand Stey n, Bountiful,daugh 3, LDS Hospital,Salt Lake BUFFO. Debra and John, Provo, daughterNov wereCommunity Hosptal, On Ofeha,aughler, remCommunity Hospital, Orem, TLE, Terr! and iy mn, son, N 25, Columbia Ogden Regional Medical Center Bese FIELD, Anne and Terry, Provo, son, Nowe 38. UlaValley Regional Medical Center, Provo CALL, Evelyn and daughter, Be. 1, LogonBeeld"oar CARLSON, 1 orah and David. Springuile daughter, 1, Utah Valley Regional Med r, Provo, CARRILLO, Alma and Armando, West Valley City, daughter, Nov. 28, Salt Lake Regional cqliedigal Center SatLake City. . Mary and David Orem, son, Nov Hospital, ( mn, 50a,Nov Medival Center. Prove Re jington, son, Nov viewas ‘Bountial CHRIS’ eid) and Layne, Tirnington “son,Dee 3. 1spa Saba and Derek, West Alta V Jordan, caso, Moni 29, Utah V alley Regional Medical Cen: ler, Provo CURTIS, by, Lehi,daughter 1c tal, M Co sSinte RegionalMedicalCos: NeKiera and Mark, Provo, son, Orem ¢ ity Hospital, Orem rk City, son, Dee. 2. St Mark's Hospital Wy. DUNN. Jil and David, Blutfda _son, Nov. 29. pita WalleyRegional Medica Her Provo BEI {and Mikal Goteambia OgdenaRegional Wendy" Ogten: daughter, Dee. 1, Me Hospital, Ogden juna and Chad, Salt Lake City . Dec. 3, LDS Hospital, Salt Lake ELISON, Diana and Kip, Springville, son, Nov a Utah Valley Regional MedicalCenter, ProERICKSON,Bree and Vondell Lynn, Eden, son Dec. 2, McKay-Dee Hospital, Ogden, EULBERG i evin, Lel Nov. 24, Utah Valley RegionalMedical Cen: ter, Provo GARCIA, Kellee and Rene Ogden,daughter, ANF An ee 26,cht Ogden Regional Medical Center, Ogden GERBER, Rebecea and Hartan, Stansbury Park, son, Dee. 2. St. Mark's Hospital, Salt Lake GIBSON,Rebecca and Michael, Pleasant Grove son, Nov. 30, Utah Valley Regional Medical Center, Prov , GITTINS, Julie and Daren, Layton, daughter, Dec. 4, MeKay-Dee Hospital, Ogden GONZALES, Allen aod Parique, Ogden, daughter, Nov. 27. Columbia Ogden Regional Medi. cal Center, Ogden. GRANT,John and Valerie, Orem, son, Nov. Utah Vall ical Center, HALL:Brandand Jason, St George daughter, Dixie Regional Medical Center, St |ALLING, ANCOCK, Rami Nov. 28, Orem Community Hospital, Orem HANCOCK,Rhonda and Douglas, West Jordan, 1, Cottonwood Hospital, Murray. HARRISON,‘Tiffanyand Robert, Salt Lake City, son, Dee. 2, Cottonwood Hospital, Murray HARVEY, Terra and Bruce, West Jordan, son e ottonwood Hospital, Murray Michelle and ‘Curtis, ‘West Valley Cy ton, Dec. St. Mark's Hospital, Sat LakeC WEARNE.Naomi Shari and Caesar, Bountiful son, Nov. 29, Lakeview Hospital, Bountiful HICKEN, Laura and Miles, Kamas, son, Dec. 2, Hospital, Marr CLARK, Richard, Lindon, 5, Utah Valley Regional Med: id Lance, Magna, son, Nov pital, Bountiful De and Steven, Salt Lake Sty, sau Dec. Cottonwood Hospital, HUNTER, Keren and James, Salt 1 ake City daughter, Nov. 2, Sat Lake Regional Medical Center, Salt Lake Markell and Phillip, Springville. vr, Nov. 27, Orem Community Hospi tal, Orem, ON, Coll \d Mark, Lehi, daughter, UtahValley Regional Medical Cen ter, Provo JOHNSON, lospital, Bountiful. Norma tndRaton! Pehioeen Nev $, LDS Hospital, Salt Lake City, E, Brooke and daughter. Nov. 25, Utah Valley Regional Medicat Cen ter, Provo, KIDD, Wendi and Russell, Salt Lake City, son, Cottonwood Hospital, Murr ‘hristen, West Val on, Dee 2, Cottonwood Hospital KOFARD, Camille and Greg, Orem daughter, Nov. Orem CommunityHospital, Orem KOOP, Corrine and Kenneth Prova acs 28, Orem CommunityHospital, Orem U, Kaleting, Salt Lake daughter, Dec. 3, LDS Hospital, Salt Lake City LADLE, Elvabeth and Micah, Provo, daughter, ov. 26, Orem Community Hospital, Orem. LAYDEN, Jolle andTroy, Draper, daughter Dec. 3, Alta View Hospital, Sandy LEATHAM,Jamie andSeven theber City,son, Dec. 2, St. Mark's Hospital, Salt Lake City LIMB,Kristyand Chad, Salt Lake City, son, Dee. ottonwoodHospital, Marr LOMELLCheryl and Aldo, Lindon, daughter Nov. 28 UtahValley Regional Want tee: er, LOPEZ, Patrisiaand Saul, Mesquite, Nev., son Dixie RegionalMedical Center. St.George LYTHALL,Kayln, Salt Lake City, son,Dee. 2, ospital, Murray MANGUM,Ter abd Biya en son, ltValley Reconal Medical Cente, Nov. Provo25, cole and Scott, Provo, daughCenter, Provo, MieNov. tiUh Yates here ae See!Next Page |
