Word: sales
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Dates: during 1970-1979
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...from fulfilling 30 contracts worth $2.1 billion for plants and machinery, as Peking appeared to have second thoughts about its massive Four Modernizations campaign. The cutback also hit American corporations. U.S. Steel and Bethlehem Steel, both of which were on the verge of closing multimillion dollar deals for the sale of equipment to develop iron ore mines, were told by Chinese officials that the agreements would have to be deferred until further notice. Plans for Inter-Continental and Hyatt International to build thousands of hotel rooms have given way to other priorities. On a visit to Japan last week, Deng...
With acquisition in mind, a Toronto investment management company that has $380 million in cash from the sale of a Brazilian utility, found its billion dollar baby in a 5 and 100 store. The company, Brascan, Ltd., announced last week that it was offering $1.1 billion for F.W. Woolworth Co., one of the largest cash takeover bids ever...
...century and a half, the portrait of George and a matching Stuart of Martha have belonged to the Athenaeum, a private library in Boston-and, in patriotic spirit at least, to all Bostonians. So when the Athenaeum, strapped for money, recently announced the sale of the pair to Washington's National Portrait Gallery for $5 million, the outburst rivaled the shot heard round the world...
...charge. "Everybody knows that Washington, D.C., has no culture-they have to buy it," raged White. He was not mollified by the stipulation that the paintings would return to Boston once every five years for the next 50 years. To try to stop or at least stall the sale, White asked the Massachusetts Supreme Judicial Court last week for a temporary restraining order. His argument: that $800 of the Stuarts' original purchase price of $1,500 in 1831 had come from a public subscription. Hence there was a "public trust" that forbade the sale of the portraits outside Boston...
Although the committee has not yet scheduled a meeting, one of the first issues it faces may be Radcliffe's sale of a half-million dollars worth of stock in Bank of America...