Word: cashes
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Dates: during 1990-1999
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Just ask Robert McGuire, a Mercedes salesman in Raleigh, N.C., who was ruefully watching as the market plunged last Tuesday. "Our customers are very investment driven," McGuire says. Just last month a retired engineer plunked down $50,000 in cash for a mid-size Mercedes as a present for his wife--a purchase paid for with money made in the stock market the previous week...
Bowie grabbed $55 million that way in the first bond deal of its kind. Since those "Bowie bonds," there has been much hype about entertainers eager to cash in their estate before it actually exists, but few deals have been cut. That's about to change. David Pullman, the banker behind the Bowie deal, closed three more celebrity-bond deals in July. Altogether he raised $30 million for the Motown writing trio of Edward and Brian Holland and Lamont Dozier, whose hits include Stop! in the Name of Love and Baby I Need Your Loving. To date, Pullman's deals...
...days because the space agency couldn't pay its electricity bills. The entire Mir program, in fact, is in debt to the tune of $600 million. But for Baturin, whose earthbound job involved figuring out how to pay wages to the starving Russian military, that's a relatively minor cash-flow problem...
...would have given more, but they didn't want any more," added Geffen. That's not entirely true -- the Clintons have a $10 million legal hole to fill -- but given that the limit was previously $1,000, Geffen is lucky to be writing checks this large. If he has cash to spare, he might give a thought to Monica: The former White House intern has only received $10,000 total for her substantial legal costs...
...Pounds of Mississippi catfish the minor-league Greenville Bluesmen traded to the Pacific Suns, along with a player and an undisclosed amount of cash, for pitcher Ken Krahenbuhl...