Word: buyer
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Wednesday's sale featured one of the auction's few pieces of genuine historical significance, the Louis XVI desk on which President John F. Kennedy signed the 1963 Nuclear Test Ban Treaty. Estimate: $20,000 to $30,000; sale price: $1,432,500. The buyer was that frequent successful bidder, Anonymous...
...safe to use credit cards on the Internet as it is to do business by mail. The chances of being "ripped off" other than by the "advertiser," even without encryption, are trivial. Should it happen, there are numerous safeguards that limit a buyer's liability. My credit- card company, for instance, monitors my pattern of buying and calls me for verification if there are suspicious variations. JIMMIE R. MITCHELL Nokesville, Virginia...
SHOPPING FOR A USED CAR CAN MAKE the shopper feel as used as the car. The stereotypical sojourn involves a persistent salesman on commission (loud checked sport jacket optional), high-pressure haggling and a persistent anxiety that the buyer was talked into something he or she didn't quite want. Naturally, the heap falls apart in a few weeks, creating a desire for auto...
...cannot be a global player without a presence in the U.S.," says James McDermott, president of the consulting firm Keefe, Bruyette & Woods. He predicts that the bank may soon be acquired by a buyer like Sumitomo, Japan's second largest bank, which is reportedly close to a deal...
...owns Lausanne Investments? "Investcorp does not own Lausanne Investments," a bank spokesman declared. When TIME pursued the issue, the spokesman changed his answer. Lausanne, he said, was owned by the same investors who own Chaumet--a group led by Investcorp. This means Investcorp controlled the seller and the buyer and used that control to slash Chaumet's losses. While there is nothing odd about a jeweler's disposing of excess stock this way, Lausanne's ownership is not disclosed in Chaumet's publicly filed financial statements, which means anyone who read them would get a distorted impression of the company...