Word: sales
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...respondents said they were cutting back on purchases of frozen food. Now only 34% said they were spending less on those items. Last year, 41% of consumers said they were cutting back on cereal. That figure has now dipped to 26%. (See pictures of the world's longest yard sale...
...steps out of bankruptcy court, but Chrysler/Fiat is obligated to steer just $381 million into the VEBA next year. One possible save: in a little-noted facet of the new labor contract with Fiat, the VEBA can sell its shares to the Italian automaker via a private sale in the not-too-distant future. The price hasn't been negotiated yet, but the planning is already under way. "We'll have to sell the stock to fund the VEBA," says Gettelfinger, who notes that the trust is effectively free to sell shares as soon as they are registered...
...company put Saab, Opel, Saturn and Hummer up for sale, then killed Pontiac. (Marchionne promptly entered fire-sale bids for Opel and Saab.) As the expected bankruptcy filing approached, plans were under way for a complicated stock deal that would render existing shares essentially worthless. Secured bondholders were being offered full payment in new company stock, while others were being told to expect far less...
...wanted to be dying in their own room, with their pets and their photographs. We need many more at-home nurses, which we can easily get by raising money. Through a climb like this you raise a lot more money than if you hold a big dance or jumble sale...
...most beloved figures. "It's as though you can feel some of what he was about as an artist in some of these paintings and drawings - both those by him and of him," says Emilie Sergent, a 28-year-old art apprentice who furiously noted down the starting and sale price of most of the objects, even though she couldn't afford any of them. "I guess coming here sort of let me feel like I could get inside le mime Marceau's world for the last time before it gets split...