Word: supermarket
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Dates: during 1980-1989
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Cherimoya. Jicama. Loquat. Malanga. Tamarillo. Ceriman. Carambola. Chayote. Mammee. Pomelo. Kiwano. Yuca. At first glance, the names seem to be the language of a mystical incantation. In fact, they could be a shopping list of produce to be purchased at the supermarket...
...form of takeover, the leveraged buyout. In an LBO, a small group of investors buys a company's stock with mostly borrowed money and takes the corporation private. Last week Kohlberg Kravis and a group of outside investors announced that they would do an LBO of the largest U.S. supermarket chain, Safeway Stores, for about $4.3 billion in cash and securities. Safeway's management accepted the plan so that it could escape a takeover bid from Dart Group, a retail chain...
...much more. The ancient ship, whose origin Bass has not disclosed, was crammed with bronze, tin, glass, gold, quartz, weapons and dozens of amphoras (pottery jugs) containing goods ranging from frankincense to fruit seeds. "It was like a floating supermarket," says Yasar Yildiz, the deputy director of Turkey's Bodrum Museum of Underwater Archaeology, which is giving vital support to the INA expedition. "This wreck is more than we could hope for," says Archaeologist Cemal Pulak, Bass's assistant. "It is giving us all % kinds of new information about people's lives in this area in 1400 B.C., what goods...
Last week the father-and-son team made its largest takeover bid ever as Dart Group offered $3.6 billion, or $58 a share, for Oakland-based Safeway Stores, the biggest supermarket chain in the U.S. Though the Hafts have the retailing expertise to enter the grocery business, some Wall Streeters think that the raiders once again intend to pass through the express checkout line to a quick profit. They already own 5.9% of Safeway's shares, which they bought earlier this year at an average price of about $42 a share. Since Safeway stock rose last week...
...largest black labor union is the National Union of Mineworkers, whose 150,000 members toil in the vital gold and diamond mines, which provide more than half the country's foreign-exchange earnings. An additional 50 smaller ; black labor groups represent everyone from waiters and metalworkers to supermarket cashiers. Individual unions are grouped into labor federations, the largest of which is COSATU, the Congress of South African Trade Unions, with 500,000 members...