Word: offer
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Dates: during 2000-2009
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Alexander wasn't exactly right. San Diego Chargers RB LaDainian Tomlinson declined the offer in 2007, though not because he was superstitious; Tomlinson's reps weren't swayed by the reported $100,000 to $200,000 deal EA Sports, the game's manufacturer, offers players for use of their likeness. But even among a group renowned for being superstitious - athletes have tried to bust slumps by donning women's underwear, eating the same meal each day and performing elaborate foul-line rituals - talk of a Madden Curse doesn't seem to have caught much traction. And for good reason. Most...
...odds of a GM deal with bondholders may be more bleak. As part of its offer to bondholders, presented Monday, GM is offering to exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage...
...recommendation of a national commission charged with addressing Portugal's drug problem, jail time was replaced with the offer of therapy. The argument was that the fear of prison drives addicts underground and that incarceration is more expensive than treatment - so why not give drug addicts health services instead? Under Portugal's new regime, people found guilty of possessing small amounts of drugs are sent to a panel consisting of a psychologist, social worker and legal adviser for appropriate treatment (which may be refused without criminal punishment), instead of jail...
...recession deepens, luxury sales are moving into the discount arena, especially online. Since 2007, no fewer than five high-end e-tailers, including gilt groupe and ideeli, have opened shop as members-only discount sites that offer VIP-style sample sales at outlet prices. But the fashion site making the most waves these days is a new online outlet cleverly named theOutnet.com. Opened to the public on April 16, theOutnet - the latest hot spot created by net-a-porter.com founder Natalie Massenet - had 150,000 visitors register prior to the official launch. "With our fashion-forward approach, edited selection and chic format...
...site offers much more than major discounts - typically 30% to 70% off - on designer apparel, shoes, handbags, jewelry, sunglasses and other accessories from seasons past. For example, a $1,455 Rick Owens draped silk dress is marked down 40% on the site to $875, while a pair of Chloé patent leather sandals is 50% off, at $298. And there are similar bargains on offer from more than 200 brands ranging from 3.1 Phillip Lim to Burberry and Alexander McQueen...