Word: premiums
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Avon apparently was willing to pay such a high premium, as buyers often do at Tiffany, to clinch the deal quickly in order to avoid a bidding war with other covetous companies. Hoving, 80, long courted by many other suitors, was willing to sell to Avon not only because the price was ripe?$104 million in all?but also because he was promised that he could continue to run Tiffany as an independent fiefdom. Says Hoving: "Charles Tiffany, who founded the company, ran it until he was 92, so I'm going to try to beat his record...
...year, and it has stayed up because of the mild weather. In early November, for instance, consumption was as high as it had been in August. But production has dropped, because of breakdowns at some major refineries. To meet demand, companies have been buying gasoline from outside sources at premium prices, and passing their added costs on to the consumers...
...Moscow over the years, including a large number of joint economic projects and the sale of Iranian natural gas to the Soviets. One of the opposition's complaints is that Tehran's sale of gas to Moscow enables the Soviets to sell their own natural gas to Europe at premium prices...
...them as quickly as possible. Officials at Sebastiani, one of the brands the ads show losing, say they are prepared to bring suit against Coke. Peter Mondavi, chief of Charles Krug Winery, questions the honesty of the ads. Says he: "It's deceiving the public to compare their premium wines with our table wines." Even some members of San Francisco's Vintners Club expressed surprise. Club Chairman Jerome C. Draper said, "We're very upset. We had a written agreement that our name would not be used in the ad." Wine merchants' reactions are mixed; though...
...gold we trust," is Deak's philosophy, and he has made many fortunes by dealing in gilt and anxiety. Clients crowd his Hong Kong branch offices to buy newly minted "Deak Dollars," small gold coins that command premium prices because they are stamped with Deak's aquiline features. Other customers stand in line at his 42nd Street outlet in Manhattan to buy gold coins and Swiss franc traveler's checks, which they stash away as investments. At this rate, Nick Deak will be giving Karl Maiden some competition. Still other investors-widows, orphans and the simply frightened...