Word: sprees
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...largely because of a slowdown in shipments to the U.S. Investment in new industrial plants and machinery is up 17% this year, but that has been offset by a continuing slump in commercial and residential construction. In the late 1970s and early 1980s, construction firms went on a speculative spree, and many of the luxury apartment and office buildings they put up are still not fully occupied...
Nestlé has encountered some obstacles during its current spending spree. In July the Federal Trade Commission blocked the Swiss firm's $515 million takeover of CooperVision, a California contact-lens company. Reason: Nestlé already sells certain types of eye-care supplies through a Fort Worth subsidiary, Alcon Laboratories. There has been speculation that the FTC might oppose the creation of a food combine the size of Nestlé and Carnation. Experts close to the deal, however, expect little difficulty because the companies do not have significant competing products. Nestlé sells no milk...
OPEC goes on a selling spree...
...Union and 16 sympathizers declining for reasons of either security or insecurity and two others demurring independently. Libya withdrew on the eve of the Games after two of its journalists, alleged to be terrorists, were refused U.S. entry. About 8,000 athletes are off on a farflung, 16-day spree splashed with hot pastel colors that might have been selected for their political insignificance or because this Olympiad is privately financed and they happened to be the shades on sale...
...good old days are here again. Thanks to the U.S. currency's continued record-breaking run, delighted Americans have been getting more for their money than in many years. Said New Yorker Joanna Silverblatt, 30, during a shopping spree in Rome: "I feel as though I'm at a candy store. I'm buying much more this year...