Word: selling
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Dates: during 1970-1979
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LAST WEEK, the Board of Governors of the Peabody Museum was forced for want of funds to sell a collection of paintings valued at 1 million, primarily because of the University's short-sighted financial policies...
Knowing the Cubans' need for coffee, Karl Fessler, a jet-hopping high roller, is said to have made them an attractive offer in late 1977. According to the Cuban government, Fessler told its trade representatives that he would sell them 3,000 metric tons of "Barahona," a choice Arabic blend grown in the Dominican Republic, at a bargain price. Reportedly, Fessler and some cohorts produced all the documents attesting to the availability of the coffee, and the deal was clinched last October on the Caribbean island of St. Martin. The Cubans agreed to a price...
...magazine's $25 million bankroll (Filipacchi put up 51%, six French partners the rest) might be exhausted before the new venture got on its feet, he decided to lower the publishing frequency to twice a month and raise the price to $1.25. At the outset Look expects to sell 600,000 copies, less than one-tenth the 6.5 million total the old Look had when it folded. If things go according to plan, readership will swell to 1.5 million in three years, and the magazine will break into the black...
...high rates have become a bonanza. The reason: since June, banks have been offering money market certificates. These are six-month time deposits that pay interest equal to-or when sold by a savings and loan, a quarter-point better than -what the Government has to offer to sell its six-month Treasury bills. And while regular bank certificates of deposit normally cannot be had for under $100,000, MMCs sell for as little as $10,000; many people have switched their savings to them...
Though the chairman has called the Amexco bid illegal, Donald McGraw dis missed that charge as "a ploy that Harold is using to pass by the stockholders be cause he does not want to sell at any price...