Word: buyer
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...homes became more distant last week. Reason: the Federal National Mortgage Association, known as Fannie Mae, tightened its mortgage-eligibility standards. Borrowers who put up less than 10% of the purchase price on a home must now have higher incomes. Under old Fannie Mae rules, for example, a buyer making $36,814 could purchase a $76,500 home by putting down 5% and getting a $72,700 loan at 12.2% interest. Now that same borrower would need an income...
Doutre-Roussel succeeds in her attempt to penetrate Valrhona’s closely-guarded headquarters, but she fails in her later mission. As the chocolate buyer at the London department store Fortnum & Mason, she undertakes a quixotic bid to introduce the British to fine chocolate. But she quits in frustration at her customers’ persistent desire to buy violet creams...
Apparently so. The $18 game has been on selected U.S. shelves for three months, and stores from F.A.O. Schwarz in New York City to I. Magnin in San Francisco are increasing their original orders. "There are so many trivia games out," says Magnin Buyer Julia Burke. "People are looking for a different kind of interaction." Promoter Eisenberg predicts sales of more than a million this year; spin-offs, paraphernalia and even a TV show are in the works. And Makow is keeping busy by developing a children's edition, because, he says, "they are concerned about right and wrong...
...seemed like anywhere you looked last week, there was a major car company in crisis. Britain's MG Rover was the worst off. On Friday, with its already-meager sales sliding, its cash depleted and its last hope for an 11th-hour rescue by a Chinese buyer seemingly dashed, the four Birmingham businessmen who owned the outfit handed it over to administrators from accounting firm PriceWaterhouseCoopers. Some 6,000 workers at Rover's Longbridge factory in Birmingham fear for their jobs, despite British Prime Minister Tony Blair and Chancellor of the Exchequer Gordon Brown racing to the plant, promising...
...April to September for more than 100,000 tourists annually. At 10 a.m. in Waag Square, in front of the historic weigh house that now incorporates the Dutch Cheese Museum ($3.30; (31-72) 511 42 84; www.kaasmuseum.nl), a local rings a bell to open trading. Before bargaining begins, the buyer sniffs the cheese, bashes it with his hand to ensure the holes are the right size, and plunges a borer into it to taste the merchandise. If he decides to bid, he shouts out a price, which he accompanies with a hand clap; a stern clap...