Word: auctioner
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...McLean was found to have lied to a Senate committee to help cover up a bribe that his friend, Secretary of the Interior Albert B. Fall, and accepted in the Teapot Dome scandal. From then on The Post went downhill, and McLean went bankrupt. The paper was sold at auction in 1933--and when none of its reporters even bothered to cover the sale, The Post ran an Associated Press account the next...
...firm two years ago to deal exclusively in arbitrage, and boasts that he works 18 hours a day at the game. Boesky, an immaculate dresser and a devotee of squash who once taught English literature in Iran, made an estimated $7 million on the Babcock & Wilcox auction...
Love of wealth, observed Alexis de Tocqueville, is "at the bottom of all that the Americans do." But he was off the mark, to judge by the contents of 400 long-abandoned safe-deposit boxes auctioned off last week in Worcester, Mass. The sale involved a total of 849 items-the leavings of Bay Staters who had died, moved away or had otherwise not touched their treasures for ten to 15 years. Aside from junk jewelry and silverware, the loot was a curious miscellany: a Mickey Mouse watch, three strips of lace, a cigar cutter, Confederate money, an old carburetor...
...immunity for municipalities, too. But Massachusetts has retained it, and at the time of Bridget Neville's accident the city provided only $15,000 worth of maximum liability coverage for each of its police officers. So O'Brien, 65 and recently retired, was threatened with the possible auction of his sole significant asset-an unmortgaged $18,700 house-in order to help pay for the court judgment. That prospect prompted Boston police to issue a counterthreat, vowing to refuse to drive squad cars citywide unless public funds were used to pay O'Brien's debt...
...shares jump 69% since January, though profits are down from 1976 Two cash-rich companies, United Technologies Corp. of Hartford and J. Ray McDermott & Co., Inc. of New Orleans, have been bidding for B & W shares as feverishly as well-heeled Texas art fanciers at a Sotheby's auction. The bidding started at $42 per share offered by United in March, and spiraled up until last week United was offering $58.50 and McDermott $62.50. At that point, United Chairman Harry Gray, a shrewd takeover dealer, decided "it wasn't in the interest of our shareholders...