Word: investers
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...high overhead and the start-up costs of a misguided (and now discontinued) afternoon edition helped push the News's losses to $11 million last year. This year, according to insiders, they are expected to exceed $20 million. To turn the paper around, a buyer would have to invest $50 million in its aging physical plant and win contract concessions from its 3,800 employees. Last week, amid rumors that the News would close within a month, George McDonald, the normally tough-talking president of the Allied Printing Trades Council, was purring with conciliation. Said he: "Everyone thinks...
Walter M. Cabot '55, president of Harvard Management Corporation, which manages the University's $1.7 billion endowment will invest the money in Treasury bonds which he said yesterday should earn more than $11 million next year...
Small business can more profitably invest its research dollar in the application of previously made discoveries, he added...
...wised up, and the action has moved to rentals. Why pay the price to own Ordinary People when you can pay a fraction of the cost (sometimes as little as a dollar a day) to rent it? Now the movie companies want in. "We couldn't continue to invest millions of dollars to feed this market and not get any of it back," says Leon Knize, senior marketing vice president for Warner Home Video, explaining why his company has switched from a sales to a rental-only policy...
...enclosed bowl called Step 'n Dine encourages precocious felines to step on a pedal to get at the kibble. For cats who accompany their owners, there are carrying cases that cost as much as $420 for Louis Vuitton versions, and for $33.98, a caring cat owner may invest in a tiny, burglar-and rat-proof door that can be installed at the bottom of a regular house door; the cat opens it with a magnetic device worn around its neck. At Animal Kingdom in Chicago, there is the Cat-A-Lac rolling bed that sells...