Word: selling
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Dates: during 1980-1989
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...scavengers sell their booty to scrap dealers. While new red bricks cost about $450 per 1,000 on the retail market, dealers pay the thieves only $50. Since Detroit tears down 2,000 to 3,000 abandoned buildings a year, police are not terribly concerned about the thefts. The most troubling aspect of this new inner-city crime wave is the motive of most of the culprits: to get enough cash for another hit of crack. "Brick stealing is on the upswing, and it's directly tied to the price of the brick," says Charles H. Smith Jr., president...
...quintessential conglomerate of the 1960s: Gulf & Western. The diverse mix of businesses proved so unmanageable by the early 1980s that G&W Chairman Martin Davis launched a campaign to spin off more than 100 subsidiaries. Last week the company once known as Engulf & Devour said it will sell one of its few remaining divisions, Associates First Capital Corp., a financial services company. Davis hopes to use the estimated $3 billion in proceeds to assemble a world-class media and entertainment giant. The restructured company, which already owns Paramount Pictures and Simon & Schuster/Prentice-Hall, will be renamed Paramount Communications...
...come-on: "So superior you can taste it." But the $10 million campaign has not gone down so smoothly with the Bureau of Alcohol, Tobacco and Firearms. Last week the agency said the slogan does not conform to rules that prohibit distillers from claiming special qualities for spirits they sell as vodka. The agency defines vodka as "without distinctive character, aroma, taste or color...
...that more contemporary medium, TV. His Falstaffian girth, so impressive on stage and screen, seemed grotesque when stuffed into the small tube. The voice that shivered the old Philco during the ( Depression sounded hokey when it was used to seduce would-be sophisticates of the '70s. "Paul Masson will sell no wine before its time" joined the fleeting body of marketing folklore and spun off into dozens of jokes. (In one, the Welles impersonator intones the line, glances at his watch and says impatiently, "It's time...
This week the federal bankruptcy court will decide what to do next. Texas Air wants to shrink Eastern to compact size, linking about 60 cities with 130 jetliners, down from the 110 cities served by 250 planes before the strike began. Another option, an auction to sell off Eastern in pieces to the highest bidders, could draw such expansion-minded airlines as TWA, American and Delta. Adding to the suspense, sources close to Ueberroth say his game may still go into extra innings...