Word: buyer
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...labels of Octopus Army shirts thoughtfully proclaim those virtues in the fractured English beloved by Japanese teens: "Best in the field of Spangled Stars, Americanized as hell as well as originality." Exactly how that translates is not important; it's the feeling and verve that convince the eager buyer...
...office. But that did not stop them from scooping their powerful rival, the Los Angeles Times, by printing damaging reports about Bradley's finances just three weeks before the election. Last week, however, Herald Examiner staffers faced a far more formidable lockout: the Hearst Corp., unable to find a buyer for the unprofitable daily, announced that it would shut the paper's doors after Thursday's edition...
This summer, after scrapping plans to turn the paper into a tabloid, Hearst put it up for sale. Company executives, who flew from New York City to announce the shutdown in the paper's newsroom, said they were unable to find a buyer. Among those who declined to purchase the operation, which reportedly lost $2 million a month, were industrialist Marvin Davis and Jose Lozano, publisher of the Spanish-language newspaper La Opinion. Now that the Herald Examiner is gone, Los Angeles becomes the latest and largest addition to the growing list of U.S. cities with only one major daily...
American may also find an ally in Washington. Shaken by the upheavals at Northwest and United, which involved extensive foreign financing, the Senate Committee on Commerce, Science and Transportation approved a bill last week that would prevent any buyer from acquiring more than 25% of an airline without the explicit approval of the Commerce Secretary. When Senator Lloyd Bentsen learned of the attempt to buy American, the Texas Democrat prevailed on the Commerce committee to make the bill retroactive so that it would apply to the Trump bid. "The Congress must send a strong message that highly leveraged buyouts...
...Bender and her cohorts say that approving Proposition 1-2-3 would not even help tenants purchase their apartments. Proponents of the referendum argue that the apartments would be sold perhaps as much as 50 percent below the market price because each apartment would have only one possible buyer. But a stud sponsored this summer by those opposed to Proposition 1-2-3 concluded that significant discounts are unrealistic...