Word: retailing
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Holmes Realty Trust, a Newton, Mass., real-estate company, plans to bring a $20-million-dollar retail mall, apartment complex and parking garage to Mass Ave. To do so, it will raze 12 stores and displace 11 other businesses currently located there, according to store owners...
According to the Boston Phoenix, Holmes Realty Trust has already offered retail space in the new complex to all of the longtime tenants, as well as to Wiener's Discount Tobacco Dealer and the Ethiopian Restaurant on Mass...
...merged Commercial Credit with struggling Primerica in 1988, getting the Smith Barney brokerage with it. He bought Travelers insurance in two stages when that company was reeling from bad real estate investments. In 1993 Weill achieved a measure of sweet revenge over his old employer--buying back Shearson, the retail brokerage he had sold to American Express in 1981 at the time he joined that company...
...public offers it $12 a share, then prices the stock to the public at $15. Theoretically, some of that $3 a share could be the company's. So the stock hits NASDAQ via the traditional underwriting route at $15, then races to $18, or $20, or higher. Whereupon those retail investors who come in late at $22 watch the stock's grim slide back down to $14. "It's a sinister game that is played very, very intelligently by the banks and their preferred customers," says Klein. "You talk to these companies right after an IPO, and they feel like...
...Percentage of food produced in the U.S. that is wasted at retail, restaurant and consumer levels...