Word: selling
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...endowment is like a herd of dairy cows, grazing just like Faith in Harvard Yard. Each day we milk the cows and sell the milk to help pay the bills of Harvard College...
...Sometimes the milk we sell brings in more money than our current bills. This allows us to buy more cows and, on the expectation that we’ll be able to sell more milk, increase our annual expenses by launching new programs, constructing new buildings, or hiring new faculty...
...other big problem is money. Areva needs about $14 billion to finance its business for the next several years--and $2.8 billion more to buy Siemens' joint-venture stake. One plan calls for the state to sell 15% of Areva to new investors. Areva also plans to sell off its shares of a number of smaller French companies as well as T&D, an energy-transmission affiliate that it bought for close to $1 billion in 2004, which is now valued at nearly $5 billion and accounts for 20% of the company's profits...
...What They're Hoarding in Europe: Before the European Union's ban on incandescent lightbulbs went into effect on Sept. 1, consumers across Europe raided stores to stockpile the familiar bulbs. Under the new rules, retailers can continue to sell what they have in stock but won't be able to buy or import more. The policy forces shoppers to switch to environmentally friendly compact fluorescent lamps, which use 80% less electricity. But fans of the traditional lights argue that the new bulbs don't glow as warmly--and that they cost more than twice as much...
...quirky boutiques are finding success with a different business model: small. At the überhip Confederacy in Los Angeles?where customers sip Gimme Coffee that the owners imported from Brooklyn because they miss New York?the economic crunch has only made the selection more special. "Instead of skimping by selling guys T shirts and jeans because that's what they can afford, we sell what excites people," says Ilaria Urbinati, a celebrity stylist, who buys for the store with partner Danny Masterson, an actor...