Word: selling
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...average age of the people who buy the extremely expensive and fast Porsche 911 is 51 years old. Their median annual income is $390,000. That means that a great many of the people driving dangerously fast cars are in their late fifties and their sixties. Trying to sell Porsches to people under 40 is probably a waste of money, especially now that almost all of the hedge fund managers are out of work...
...Will they sell? "There is a lot of potential," says a hopeful Ralph Gilles, Chrysler's Vice President of Design, who believes that cars such as the Fiat Punto and Bravo could have great appeal for American buyers. "The technology is there. These guys know how to do it," he says. (See the most important cars of all time...
...capitalization of the Toronto Stock Exchange, before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya. It's a penny stock...
...giant eyes and spiky red hair, baby orangutans are the epitome of cute - and that's exactly why they are the most sought-after prey of poachers in Kalimantan (Indonesian Borneo). Thousands have been hunted and captured over the years, prised from the hands of their slain mothers, to sell as pets. Those who are spared this fate are left to cope with a habitat that is shrinking daily, as agribusiness firms continue their relentless drive to turn Kalimantan's forests into palm-oil plantations. "I cannot convey the horror of it," says Canadian primatologist Birute Galdikas, a prot...
Taiwan's third-largest telecoms service provider, Far EasTone Telecommunications Co. announced Wednesday that it plans to sell a 12% stake to China Mobile Ltd. for $528 million, - the largest cross-strait business deal in over 60 years. The two companies also announced plans to partner in China and offer roaming services and technology upgrades for their networks, which will strengthen FarEasTone's position in Taiwan. This would be the first direct investment by a Chinese state-owned company in Taiwan in six decades. "It is especially significant," says Dr. Edward Chow, a professor at National Chengchi University...