Word: breeding
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...younger breed of breadmaker is bringing an almost fanatical dedication to baking. Many of these bakers are importing special stone-lined ovens, which cost up to $80,000, from France. Helmut Goetting, who holds a Ph.D. in geology, and Paul Fitzpatrick, a chemist, built a wood-burning stove and hired a German Backermeister for their Wood-Fire Bakery in Mountain View, Calif...
Investcorp is a breed apart from most other leveraged-buyout firms. Rather than relying on debt to finance purchases, Investcorp usually pumps a large amount of its own equity capital into the companies it acquires. Moreover, the firm generally adopts a hands-off approach to managing its holdings. While the cost of the Saks buyout may tempt Investcorp to push for higher profits, the Bahrain firm contends that it will be true to its unmeddlesome philosophy. "We are owners, not managers," said Savio Tung, a top officer. "We bid for Saks because we thought it was a great company...
...network until it crisscrosses the state. Electrifying one or two lanes of a freeway, he says, might be enough to keep fleets of buses and cars charged up. People wedded to gas-gulping cars could still drive on electrified highways, but they might get dirty looks from the new breed of battery-powered motorists...
...ailing U.S. companies collapse beneath the debt they assumed in the Roaring Eighties, a new breed of vultures has begun to swoop down on the corporate carcasses. The predators include sharp-eyed lawyers, investment bankers and bargain hunters who have parlayed the business of profiting from failure into Wall Street's hottest growth industry. Ironically, many of the same financiers who loaded companies down with debt are now cashing in on the overleveraged firms' troubles. Not since merger madness first hit corporate America in the mid-'80s has so lucrative a financial field opened up so swiftly. Says Robert Miller...
Many of the Government's properties are white elephants of the most unwanted breed. One such mammoth is the 24,000-acre Banning-Lewis Ranch, situated just outside vastly overbuilt Colorado Springs. A developer paid $200 million for the parcel in the mid-1980s as the future site of several planned communities, but now the land is virtually useless because the city has de-annexed it. As a result, anyone who wishes to develop the former ranch can no longer count on municipally priced water...