Word: hoard
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...major deals at Mach 1 speed. In the past two months the company has bought the Pacific routes of Pan American for $750 million and paid $265 million for 30 jets owned by ailing Frontier Airlines. To raise cash for the deals and add to its $1.1 billion cash hoard, UAL worked out a way to sell half of its Westin hotels to investors while retaining management contracts and fees. The company could realize $800 million to $900 million because of increased property values...
When Texas Oilmen Nelson Bunker Hunt and his brother William Herbert went headlong into the silver market in 1979 and 1980, they pushed the value of the precious metal from $6 to $50 per oz. and accumulated a hoard worth about $10 billion. That forced up the cost of everything from photographic film to jewelry, and tempted thousands of Americans to sell the family sterling. But the Hunts lost as much as $1 billion in a day in early 1980, when the speculative bubble burst and silver prices collapsed. Five years later, the Hunt family's woes continue to grow...
Dole chose Norfolk Southern because it was the only railroad among the finalists and boasts a $1.2 billion cash hoard. "It has excellent management," said Dole at a press conference announcing the sale last week. "Norfolk Southern certainly offers what it takes to ensure that this railroad will be strong forever...
...dying for. All our familiar complaints about the lack of heroism in modern life may be traced to our servitude to time. Save time, beat the clock. The only real way a clock may be beaten is to pay no attention to it, to rediscover privacy, cling to it, hoard it; to determine one's own proper unhurried pace. We often apologize for wasting time, when all we mean is that we have violated someone else's standards of progress...
...backseat of a Mercedes is piled with bags of chicken feed. A jogger is startled when Canada geese suddenly lift off from a soybean field. A sculptor thumbs through Hoard's Dairyman near the life-size statue of a Holstein, while down at Rose & Chubby's Luncheonette, commuters discuss optional features available on new eight-row corn pickers...