Word: buys
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Dates: during 1980-1989
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...pyramid again. This time, the draw is money. In Los Angeles and elsewhere, a new form of the long familiar pyramid game, called "Airplane," is luring investors with profits of up to $12,000 on a $1,500 ante -- if they can get on board soon enough. Participants buy into an eight-person "plane," then work their way up to "pilot," and bail out with cash. One Los Angeles player claims her profits flew to almost...
Many loyal customers of Revolution Books hope they will stay near the Square. "I'd rather buy my books there than get a 10 percent discount at the Coop. They're cool," said a Harvard student who frequents the bookstore...
...Penn food is pretty bad too," said Peter, not to be out done. "And the walk to the dining hall is so far that it's usually easier to go out and buy a sandwich at a deli. And on weekends, the cafeteria is closed and you have to do your own cooking...
...none of these forces, as last week's action dramatically demonstrated, has repressed the urge to merge. Despite tax reform and rising stock prices, it is still cheaper to buy factories and offices than build them and easier to acquire new products than develop them. Modest interest rates, which are near ten-year lows, continue to make borrowing for takeovers relatively painless. Moreover, many dealmakers may be anxious to take advantage of the last two years of the Reagan Administration, which has been especially tolerant of huge mergers...
...rapid consolidation within the airline business may soon test the limits of the Administration's willingness to go along with the megamergers. Last week Piedmont Airlines announced that it had accepted a $1.6 billion bid from USAir, which already has a deal in the works to buy Pacific Southwest Airlines for $400 million. The combination of the three carriers would create the seventh largest U.S. airline, controlling about 7% of domestic traffic. But USAir is itself the target of a $1.6 billion bid by TWA. Carl Icahn, the corporate raider who became TWA chairman last year, may envision...