Word: paid
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Dates: during 1980-1989
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...fanfare had barely quieted down after Sony's buyout of Columbia Pictures when the Japanese were at it again. Last week Japan's largest communications ( concern, Fujisankei, paid $150 million to buy a 25% stake in Britain's hottest record company, Virgin Music Group. Fujisankei's holding is the biggest Japanese share in any British company. The deal will give Fujisankei, which owns the daily newspaper Sankei Shimbun and a music and video company called Pony Canyon, entree to the West. Says joint chairman Hiroaki Shikanai: "We want to dispatch our thoughts and our culture to the world...
...will be immensely popular with working mothers, who spend an average of $3,000 a year per child for care that is often of uncertain quality. Poor women are especially hard pressed. A report by the Census Bureau estimates that mothers with annual incomes of less than $15,000 paid an average of 18% of their income for child care. Declared Texas Democratic Congressman Michael Andrews: "We have standards for prisons, roads and airports. We owe as much to our children...
...village latrine or hides them in a nearby cave. He sells them for a pittance (as little as $40 for a tusk that may eventually bring $1,000 in Japan) to a respected businessman in a nearby town, who sells them to someone else for three times what he paid...
Only once has Kitagawa been grazed by the ivory scandals of Africa. That was four years ago, when he paid millions for 30 tons of ivory bearing Ugandan documents. The papers were false. Kitagawa says he believed the documents were valid and trusted the ivory's seller, whose name he no longer remembers. There is no evidence that Kitagawa violated any laws, but the rules allowed him to purchase ivory that had been confiscated or whose origins in Africa were lost in the myriad transactions between that continent and Japan. Under "country of origin," some of the export permits...
...takeover fever. After fending off bids from Los Angeles oilman Marvin Davis, the management and employees of No. 2-ranked United in Chicago are attempting to take their company private for an estimated $6.7 billion. And last June an investor group led by Los Angeles financier Alfred Checchi paid $3.6 billion for No. 4-ranked Northwest Airlines. Of the four largest U.S. carriers, only No. 3, Delta, has yet to take a direct hit in the takeover wars. And its turn may come...