Word: sold
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Dates: during 2000-2009
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...Staples's $350 laptops, the theme of this holiday shopping season is, without a doubt, "we sell for less." Even Wal-Mart's commitment to "every day" low prices isn't preventing it from going lower. An online skirmish with Amazon.com that started with $9 hardcover books (books normally sold for three times that amount) has dominoed into other categories, driving down prices on everything from mobile phones to Easy-Bake ovens. The deals are everywhere. (See pictures of expensive things that money...
...insurgency has become a battle for resources, such as gold, timber and cassiterite, the chief component of tin. Congo estimates that about 40 tons of gold - $1.2 billion worth - is smuggled out of the country each year. Much of it goes through Uganda or Burundi and ends up being sold in the United Arab Emirates, according to the report. The rebels - as well as some members of the Congolese army - have had little trouble circumventing U.N. and government due-diligence requirements. (See pictures of Congo on the brink...
...June, GM announced that it would sell or eliminate four of its brands, including Pontiac, Saab, Hummer and Saturn. "We've been very clear that those brands were going to be sold or shut down," said a GM official, who asked not to be identified. "The expectation is that if you don't sell it, you close...
...precedent of sorts last month when it announced that it would shut down the Saturn brand completely after a deal to sell it to the Penske Automotive Group also fell apart at the last minute. GM has stopped building Pontiacs, and Hummer is in the process of being sold to a Chinese manufacturer of heavy equipment...
...they buy a company the same way we would buy a house. Put down about 20% and borrow about 80%. The big difference is, the company they're buying borrows the 80%, so they're the ones responsible for repayment. These loans were structured the same way and sold to the same people as mortgages. And the same kind of crazy prices were paid, so unfortunately we probably are going to see a private-equity meltdown just like what we saw in the housing market. (See how Americans are spending...