Word: bargainers
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...advertising had scarcely budged sales. Profits were way down. The Christmas selling season was the worst in 15 years. One piece of news especially seemed to mock the setting's regal grandeur. Sears, officially, is no longer America's largest retailer. The new king: Wal-Mart, a onetime backwoods bargain barn that, according to late figures, has pulled past Sears in North American sales. K mart, advancing steadily but less spectacularly, edged up just behind Sears, leaving the former leader an uncertain...
...week for the number crunchers at Ernst & Young. America's biggest accounting firm tentatively agreed to pay some $40 million to the Federal Government for faulty work done by a predecessor firm, Arthur Young & Co., on behalf of Charles Keating's failed Lincoln Savings. The settlement could be a bargain: it should keep Ernst from being named in a $2 billion government fraud-and-racketeering suit stemming from Lincoln's collapse...
...meet Cornell (3-3 Ivy) and Columbia (3-3 Ivy). It is unlikely that nationally-ranked Princeton will drop a league game before its March 1 visit to Harvard. If the Crimson is to set up a rematch for first place, Harvard must keep up its end of the bargain and win its upcoming games...
...local power lines are cut. "We went door to door, day after day," says Ed Turner, the cable network's executive vice president. "We became the biggest nuisances the Iraqi government ever saw until the arrival of the U.S. Air Force." By U.S. standards, the exclusive access was a bargain. It cost CNN just $16,000 a month to maintain the wire out of Baghdad and the satellite relay from Amman, Jordan, to the network's headquarters in Atlanta...
Kerkorian, 73, collected $1.3 billion from the sale last month of his majority stake in MGM/UA Communications. Chrysler, which suffered a $214 million loss in the third quarter, must have looked like a bargain. Its stock price has fallen 40% in the past year, to 12 1/4. Even so, Kerkorian's strategy remains a mystery, since Chrysler's share of the auto market is weakening and the automaker's assets might be difficult to sell piecemeal...