Word: auctions
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...battered his firm for paying $8.34 billion for Absolut's parent company, Vin & Sprit--which was almost 21 times the Swedish firm's gross operating profit last year. As if to suggest that Pernod Ricard had overreached, Bruce Carbonari, CEO of Fortune Brands (which was trumped in the Absolut auction), claimed that the price for V&S would not provide an "appropriate return" for shareholders. Yet le patron remained unperturbed. Three years ago, the company leveraged itself heavily to acquire Britain's Allied Domecq, a $13 billion deal that doubled Pernod Ricard's size at a stroke and added such...
What's more, trading pollution allowances could raise hundreds of billions of dollars. Clinton and Obama want all the allowances auctioned to the highest bidder, a position McCain would not accept. The fossil-fuel industries want them given away. Lieberman-Warner uses a mix of giveaway and auction, a seemingly fair approach but one that has split enviros--some of whom see the bill as weak. Industry is ambivalent too. The National Association of Manufacturers is dug in against the bill. A large and growing number of corporations know that a cap is inevitable, though few have come...
...Addressing concerns about the decline of French culture and economic interests, French Culture Minister Christine Albanel unveiled a series of proposals earlier this month to stimulate spending on art works by French buyers. She wants to change exisiting laws so that the sale and auction of modern art can become as simple in France as it is in booming American and British markets. She has also proposed tax breaks and no-interest loans to induce small businesses and individuals to begin investing and collecting contemporary works that many now feel are beyond their financial range. In reality, Albanel noted...
...purchasing clients in exchange for tax breaks for supporting the arts. Complex rules and restrictions that have limited corporate investment in art to only the largest French companies are also to be relaxed and simplified to encourage smaller businesses to get involved. Similarly, loosening tight regulations on large art auction houses would aim to stimulate that trade, and in doing so increase tax revenues...
...They’ll come to the convention and sell issues like this for maybe fifty cents.” Even the rarer ones, like the “World’s Finest” issue, wouldn’t catch much at auction due to wear and tear.But that’s not really the point. Private collections might be this comprehensive, but this collection is one that’s open to any Harvard student, free of charge. “It’s a reader thing!” Talbot says...