Word: auctioner
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...infusions were not large enough to solve Mexico's most serious challenge: finding sufficient funds to pay off or refinance $26 billion in mostly foreign-owned short-term bonds maturing during 1995. The government got a hint of the difficulties ahead last week when it put at auction $400 million in U.S. dollar-denominated bonds called tesobonos and sold only $275 million worth, despite a proffered interest rate...
Democrats weren't the only ones complaining last week. Rival publishers said the price for the book, which was sold by Gingrich's agent in a telephone auction on Dec. 20, rose breathtakingly fast, keeping it out of their reach. "There was no time to do anything," said Stephen Rubin, president of Doubleday. However, publishing executives attribute the high price to HarperCollins' zeal, rather than any rigging of the auction process...
After two days of tense negotiations, the Krafts agreed to sell their house or see it put up for auction. If the judge determines within 60 days that the Krafts have not acted in good faith to try to sell the house, they also risk having to pay $1,000 a month in penalties to the Ramoses. Once the Krafts leave, they are barred from coming within 200 ft. of the Ramoses at home or work. The Ramoses have refused to comment publicly until the agreement is signed, but their attorney, Jeremy Margolis, said, "We are delighted that the forced...
Winding up the latest stage of the largest-everfederal auction of the airwaves, the FCC today announced winners of 30 regional licenses to offer powerful wireless services, such as two-way paging, messaging and faxing. Eleven of the winning bids -- which hand the federal government more than $490 million -- came from minority or women-owned firms. (After those companies receive credits, the government haul drops to $394 million, the FCC said.) The auction, which had six companies competing per region, was designed to produce winners ready to offer consumers increased competition and lower prices, unlike the two-firm limit...
...clear last week, however, that the companies maneuvering for position in the upcoming PCS auction had a much more mundane use in mind. Each major bidder, for its own reason, was focused on what is known in the business as pots -- plain old telephone service, or in this case, plain old wireless telephone service. The Baby Bells want to use wireless PCS phones to extend their reach outside their local regions. The long-distance carriers want to use them to connect to customers without having to pay monopoly rates (45 cents on every dollar) to the Baby Bells...