Word: selling
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Dates: during 1980-1989
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...many consumers, generic drugs have been a welcome remedy for sticker shock at the pharmacy counter. Designed to work as effectively as their brand- name counterparts, generics often sell for half the price. Since 1984, when Congress sought to make generics more readily available by speeding up the Government-approval process, competition has skyrocketed -- and so has the opportunity for abuse. Now a yearlong investigation by the Justice Department and the Food and Drug Administration is uncovering evidence that some makers of generic pharmaceuticals falsified laboratory test results and paid off FDA chemists to gain quick Government approval for their...
...result, Americans are lacing up 200 million pairs of brand-name athletic shoes a year. Not satisfied to sell only shoes, companies are diversifying into T shirts, sweaters and shorts emblazoned with their names. All told, the market for athletic shoes will reach $9 billion in retail sales this year, up about 15% from 1988. In a grueling race for market share, once sagging Nike is racing back with revenues of $1.7 billion for the fiscal year that ended in May. Analysts estimate that Nike now claims a 26% share of the market for brand-name athletic shoes. Based...
...debts of $1.4 billion building his trans-Pacific empire, then ran into trouble last year. Hooker, Australia's second largest home builder, has been hit by rising interest rates and sagging home sales in Australia, as well as lukewarm retail sales in the U.S. Herscu is now trying to sell off $750 million in assets, from Manhattan to Melbourne. Altman and Bonwit, meanwhile, are hoping to satisfy their creditors in time to sell some fall fashions...
...response to the Time-Warner deal and now in the airline business in the wake of bids for the companies that own Northwest and United Airlines. The takeover-stock mania has coincided with the return of program trading, a system in which brokerage houses use computers to buy and sell giant blocks of stock to reap quick profits from disparities in price between the equities and futures markets. Restrictions on program trading were imposed after the crash to limit the market's volatility, but have since been removed...
...normal for someone in real estate to loan, buy and sell," Walsh said. "I have a right to conduct business. By law, it's clean and I've done everything openly...