Word: selloff
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...aftermath of the bruising battle, Time Warner will have to contend with up to $14 billion in new debt that was incurred in the takeover. But President N.J. Nicholas denied speculation that the combined company would be forced into a major selloff of assets to bring down the debt level. "We are under no pressure to cut, or sell, or do anything," Nicholas said. "We are going to grow our way out of this...
This week, major exchanges are closing early to help curb the enormous amount of paperwork that built up from last week's record selloff...
...state-owned enterprises in 1946, howl that the sell-off is really a form of "piratization," which robs the British people of companies that rightfully belong to them. The critics have dubbed Norman Tebbit, Thatcher's Secretary for Trade and Industry and a key figure in the socialist selloff, the "principal gravedigger of British industry...
...looming are sales of British Airways and Rolls-Royce, the enginemaker. The largest privatization move will come in the fall when 51% of British Telecom, the telecommunications monopoly, goes on the block in an anticipated $4 billion selloff. Union members have called the breakup of ownership "an act of economic vandalism," and some engineers staged a brief protest strike...
...videogame manufacturer, even though it ended the year 28% below its 1982 high. Coleco, the creator of Donkey Kong, absorbed a swift kick in December after Warner Communications, owner of Atari, projected a fourth-quarter slump in earnings caused by disappointing videogame sales. Coleco suffered in the ensuing market selloff, but then it bounced back. Having started the year 6⅞, the Stock wound up at 36¾. By last Friday, it had risen another 5%, thanks to Coleco's announcement that 1982 earnings could be quintuple those...