Word: auction
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...name and the claim sound like someone's idea of a joke: the Wunsch Auction System, looming threat to the New York Stock Exchange. The setting is no more promising. Ex-broker Steven Wunsch, 44, is launching his enterprise from an apartment crammed with stationery, two sagging sofas and a personal computer. But Wall Street and the 199-year-old N.Y.S.E. regard Wunsch with utter seriousness. His mission is to prove you can exchange stock without stock exchanges, and he seems to be succeeding...
...American Mandate." Central to his economic proposals is the assumption that U.S. workers have been hurt by what he sees as a drastic decline in the manufacturing sector. "America is up for sale," Tsongas said recently. "All the blood, sweat and tears of our forebearers on the auction block...
...Havel government in Czechoslovakia has begun auctioning off thousands of small businesses and retail shops. The initial round of bidding was limited to Czechoslovak citizens, who must pay only a $1.75 entrance fee to qualify for the auction. A later round of bidding will be open to foreigners...
...group of Mexican investors in 1988. Sales took off after Carlos Salinas de Gortari became President later that year. Mexicana, the other state-owned airline, was sold for $140 million to a consortium including Mexico's Group Xabre conglomerate and the Chase Manhattan Bank. Next to hit the auction block was Cananea, one of the largest copper mines in the western hemisphere, sold last summer for $475 million to Mexican copper baron Jorge Larrea...
...skeletal early- Modernist collection. The Annenberg paintings include a very fine Georges Braque studio interior from 1939, and At the Lapin Agile, Picasso's self- portrait as Harlequin at the bar of a Montmartre dive. This souvenir of lost bohemia cost Annenberg $40.7 million at auction...