Word: sales
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Dates: during 1980-1989
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When Campeau made his initial offer for Federated on Jan. 25, the company's management was aghast. Since taking over Allied, Campeau has arranged the sale of 16 of the company's 22 divisions and sent scores of top executives packing; all told, he eliminated an estimated 4,000 jobs. Federated feared a similar dismemberment at the hands of Campeau, 63, a self-made French-Canadian tycoon who may be more interested in real estate than in accumulating stores...
...more. In this age of the $53.9 million Van Gogh, that would allow artists whose works increase in value -- always just a fraction of the profession -- to get a piece of the collector's profits. Critics counter that a similar provision in California's law has merely driven the sale of art off the books or out of state...
...Holmes a Court (the name dates from the Norman Conquest, in 1066) carried out his fire sale with characteristic decisiveness. The first glittering piece of his empire to go was his 10% holding in Texaco, valued at more than $800 million before the crash. Holmes a Court sold half his shares to U.S. Financier Carl Icahn in November for $360 million, at an estimated loss of $65 million. Other items: an 8% stake in the British retailer Sears PLC, sold for $300 million (loss: $41 million), and a 16% stake in Australia's Pioneer Concrete Services (loss: $54 million...
Tickets for this weekend's ECAC semi-finals at Boston Garden are on sale now until tomorrow in the basement of Harvard Hall. Prices are $5, $6, and $8 with a Harvard i.d. card. All unsold tickets will be returned to Boston Garden on Thursday, where they will cost...
...cocaine. The cache, provided by Colombian drug lords, had been flown to Quepos aboard a Panamanian-registered Cessna piloted by a Colombian. A Costa Rican produce-export company served as the front. Had the operation run its course, the shipment would have continued on to Miami for sale in the U.S. The proceeds, estimated at $50 million, would have been laundered in a Panamanian or a Bahamian bank. And the money would have been spent by the men who masterminded the deal, in this case Cuban- Americans and Colombians...