Word: baying
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George Zimmer bounces briskly into the conference hall of a swank California resort tucked among wooded hills with a view of Monterey Bay. The stage is decorated with headless mannequins dressed in suits and sports shirts. There's a clothes dryer, with which an executive has just demonstrated the wrinkle-free quality of a new line of shirts. But the main act is Zimmer, founder and CEO of the Men's Wearhouse, also known as the bearded pitchman with the cornball delivery who ends every commercial for his stores with his signature line, "I guarantee it!," pronounced like a carnival...
...didn't have legs. The overall handle was up 5.5% in August, and many tracks got a bump--Saratoga set attendance records, and the crowd at Arlington Park, near Chicago, jumped 16%. But others actually fared worse. Summer attendance at Evangeline Downs in Lafayette, La., declined 3%, and Bay Meadows, near San Francisco, has seen a 2% drop this fall. Arlington Park's on-track handle is down 1% since the movie's release. "I haven't noticed any marked improvement since Seabiscuit," says Ryan Worst, an analyst for C.L. King & Associates. "People are smart enough to know that...
There is at least one outfit trying to reverse the sport's direction. Magna Entertainment Corp. (MEC), a spin-off of Canadian auto-parts maker Magna International, has spent about $1 billion to buy 12 U.S. tracks over the past five years, including Pimlico and Bay Meadows. The company may also bid for the scandal-plagued New York Racing Association's tracks, which include Saratoga and Belmont Park. "I love horses, but I just got bored going to the racetrack," says Frank Stronach, Magna's chairman, who became one of the world's top breeders while he was making billions...
...Last June, six months after Planet Hollywood International emerged from Chapter 11: Part 2, Earl scooped up the ailing Aladdin Resort & Casino for $635 million--half what it cost to build the three-year-old complex--using money from Starwood Hotels & Resorts Worldwide, which will own 15%, and Bay Harbour Management, a vulture fund that will split the rest with Earl. The acquisition is designed to transform the Planet from a been-there, done-that restaurant to a vibrant Hollywood outpost housing TV studios and weekly movie premieres. The CEO's new tag line: Constant change...
...outstripped the Yankees in almost every category during the regular season. In their first post-season series, they faced a two-game deficit and smacked down their Bay-area competitors on California turf to win the decisive fifth game. Then, in the first game of the American League Championship Series, they clobbered three home runs past the Yankees’ impotent attempt at defense, issuing a painful body slam to inflated Yankee egos everywhere. The Yankees did manage to fight back last night at home, in their palatial Bronx nest. But, with troopers such as Johnny Damon, who will continue...