Word: buyer
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Dates: during 1980-1989
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...Having lain in storage for years, original cabinet fronts, light fixtures, door frames and window sashes, along with twelve pieces of concrete block, 3½ chairs and the plans, were offered in a benefit auction for Channel 13, New York City's public television station. The buyer: Tom Monaghan, 47, ebullient owner of the Detroit Tigers, head of the 1,450-store Domino's Pizza empire and, by his own account, the world's leading Frank Lloyd Wright fanatic since he was twelve years old. He beat out prospective purchasers from across the U.S. and the Philippines...
...Bedford manufacturer that employs about 450 workers. Gulf & Western Industries, the New York-based conglomerate that owns Morse Cutting Tools, has been shedding divisions and has set a tentative July 31 deadline for selling the New Bedford company. The city fears that Gulf & Western will close Morse if no buyer can be found...
Meanwhile, Chicago's Continental Illinois last week continued the efforts to find a buyer that it has been making since the $7.5 billion, Government-led rescue of the troubled bank. However, Chairman David Taylor conceded that some form of additional federal guarantee will probably be needed to persuade a prospective merger partner to come forward with an offer. Said Taylor: "We are working as hard as we can on a private solution, but that honestly looks as if it may not be feasible...
Another difference between departments is the job market. Overall, academia has become in the last few years a "buyer's market," with too few positions for too many scholars. But the situation varies by field. In the humanities and languages--south of the Yard, as Whitla says--young teachers are reportedly hardest off. "I was very pleased to get this job," says one assistant professor. "I had trouble finding a job...I try to operate in a way that will make it easier for me to find another...
...Chairman David Taylor suggested last week that still more moves may be forthcoming. Conceding that "we've had some rather serious earnings problems," Taylor said the institution may have to merge with another lender and has retained the Wall Street firm Goldman, Sachs to help it find a buyer. "The candidates open to us are numbered among the top 50 banks in the world," he added. For now, Taylor gave investors the disappointing if not wholly unexpected news that Continental plans to save $20 million by omitting its next quarterly common-stock dividend...