Word: sell
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Dates: during 1980-1989
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...created his fable about a country that sacrifices consumption in order to ensure survival, he was unable to find a publisher for the slim, 167-page novel. So he published it himself, raising the $3,500 cost from friends. "I thought it had some modest virtues and might even sell 2,500 copies." To date, worldwide sales are about half a million. The book has been translated into eight languages and has gone through eleven printings in the U.S. since Bantam Books bought the rights twelve years...
...chunks of RJR Nabisco stock, stand to make nearly $18 million each on the deal. While they will probably invest most of their profits in the new firm, that will do little to ease a projected $25 billion debt burden. To pay off the IOUs, RJR Nabisco will probably sell some of its divisions. The proposed deal must still be approved by a group of the firm's directors, but even if the panel rejects the plan, RJR Nabisco is now "in play," as Wall Streeters put it. Translation: some takeover or restructuring will probably take place...
...million drop reflects the fact that Harvard decided during the previous fiscal year to sell its holdings in six companies--Mobil, Texaco, Chevron, Royal Dutch Petroleum, Ford Motors and Phelps Dodge. The CCSR announced that decision last year...
...break program of the 1960s and '70s. The Federal Government had encouraged private developers to build low-income housing by offering to subsidize 40-year mortgages on the buildings. Now many owners are taking advantage of an option to pay off the mortgages after 20 years, freeing them to sell or rent the apartments at the prevailing market price. The result could be hundreds of thousands more people in shelters...
...Flemington (pop. 4,000), once a center of iron foundries, the wave is of tidal proportions. The town's history as a bargain haven goes back to the turn of the century. Its success, though, really took off in 1921, when the Flemington Fur Co. opened its doors to sell the fur coats it made there.The outlet became an East Coast shopping mecca. These days it sells a $10,500 mink coat for a mere $7,895. Furs were not enough to save Flemington. In the mid-1970s, when the town was losing business to shopping malls, and its retail...