Word: reapings
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...companies calculate that they will reap enormous benefits from their participation, some in direct sales, some in goodwill. Labatt Brewing has been getting almost unqualified public approval for its program of bringing the parents of Canadian athletes to Calgary to watch their children perform. Petro-Canada put up $35.6 million, on top of a $4.3 million sponsorship fee, to stage the trans-Canada torch relay that ended with the lighting of the Olympic flame Saturday.The company expects to realize a 2% increase in market share and an additional $221 million in annual revenues as a result...
...other performers, ranging from the likes of renowned Czechoslovak Soprano Gabriela Benachkova, a diva at the prestigious Milan and Vienna opera houses, to Hungarian gypsy bands, Polish striptease artists, Bulgarian pop singers and Rumanian high-wire circus acts. Although the East bloc governments refuse to disclose the revenues they reap from the talent trade, Western economists estimate that contracts for 1986 alone may have amounted to $100 million. Says a Hungarian trade official: "People are one of the few commodities we can sell easily in the West...
...meeting Mikhail Gorbachev in a crowded room, when the Soviet leader visited Washington and talked with a group of U.S. business executives. But Milken, still pursuing a deal, disclosed two of his proposals last week. In one scheme, Drexel Burnham would help finance U.S.-Soviet medical ventures that could reap profits from Soviet advances in eye surgery and cancer treatment. Pitching another idea, Milken proposes that the Soviets take advantage of their plentiful commodities by issuing bonds backed by stockpiles of gold or crude...
...Capitol Hill just the same. Since 1984 Blue Sky Productions, a small Arlington, Va., arms dealer, has been trying to import up to 200,000 American-made M-1s that the U.S. Army shipped to South Korea during World War II and the Korean War. The company hopes to reap as much as $30 million by buying the rifles for $150 apiece and selling them to antique-gun collectors for $300. But the Treasury Department has barred the deal under the provisions of the Arms Export Control Act. In the agency's view, it is illegal -- not to mention ironic...
...largest stockholder by boosting TWA's holdings to 12.3%. Icahn helped forge a deal between Pennzoil and a committee representing Texaco's shareholders to settle the conflict for $3 billion. Texaco's management blasted the plan, but may have to go along if its shareholders approve. Icahn stands to reap rich profits, since Texaco's stock could surge once the firm emerges from bankruptcy...