Word: buyer
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...charter expires next April, and it has decided to sell its holdings in Redditch to a single buyer rather than auction them off piecemeal. A dozen secret bids have come in from land-development companies, construction firms and pension funds. The price is expected to be nearly $100 million, or $130 million...
...company that appears to have capitalized most successfully on new buyer trends is Ford. It revamped virtually its entire car line in a risky bet that customers would respond to sensuously rounded shapes characteristic of European models. So far the gamble has paid off. The Thunderbird, one of the most radically restyled, is selling 61% faster than a year ago, and sales of its sister car, the Mercury Cougar, have doubled since...
...public cooled to its video games. Losses hit $539 million last year. Not even TV commercials featuring M*A*S*H Superstar Alan Alda could revive Atari. Last week Warner Communications, which has owned Atari since 1976, gave up on turning the company around and sold it. The principal buyer and new boss: Jack Tramiel, 56, a blunt, balding executive whose adage is "Business...
When Avon, the queen of door-to-door cosmetics, bought Tiffany, the Fifth Avenue squire, in 1979 for $104 million, Wall Street's wise old hands wondered how the marriage would work. It did not. Last week Avon asked Morgan Stanley, its investment banker, to find a buyer for Tiffany...
...million in its first weekend. But they have incited a torrent of complaints that the PG rating given both movies fails to warn impressionable young children. The outcry has come not just from peevish movie critics but from theater owners and parents as well. Carl Hoffman, a film buyer for the Dubinsky Brothers movie chain in the Midwest, says that 50 people stalked out of a screening of Gremlins because of the violence. Milwaukee Journal Movie Critic Douglas Armstrong, who does a radio call-in show, has been deluged with calls from unhappy parents. Says he: "Their faith...