Word: discounts
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Dates: during 1990-1999
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...sharks in question have a different perspective. Underwriters do get a discount for, in essence, buying in bulk, admits Michael McCaffery, CEO of the investment bank Robertson Stephens. "The immediate premium of 15% or 20% is an accepted convention." But evaluating untested companies, he adds, is difficult; the rewards we ogle in the newspaper come with considerable risk that the company will flop, leaving its bankers holding...
Imagine the discount she's going to get at Harrods now. According to the British papers--and a newly prosperous Italian paparazzo--Princess Diana has a new man. He is Dodi Fayed, a fabulously wealthy playboy-producer type whose father Mohamed al Fayed owns the famous store. The photographer's pictures of the two looking cozy on Fayed's yacht surfaced on the eve of Diana's departure for Bosnia to continue her campaign against land mines...
Holmes Real Estate Trust proposed to tear down the Carl Barron Plaza building--home to well-known small businesses including Emily Rose Shoppe Inc., the Lucy Parsons Center and Wiener Discount Tobacco--and replace it with an 11-story structure housing residential apartments and retail stores. Holmes has not yet officially filed for permits to begin construction...
...cruel winds of change. Yet Woolworth suffered not from forces beyond its control so much as from generations of five-and-dime management of the 118-year-old chain. In the '60s the company was late in following its customers to malls, and its attempt at a discount chain, Woolco, lasted just 20 years. Similarly, in the early '90s, Woolworth homed in on mall locations just as shoppers were abandoning mall shopping in droves...
...markets and low inflation worldwide, sitting on noninterest-bearing gold makes little sense for governments. "There's no point in holding it," says Dale Henderson, a gold specialist at the Federal Reserve. That's true for individuals too. It doesn't mean you should sell your jewelry at a discount. Inflation could someday return, and besides, T-bills make lousy necklaces...