Word: weeks
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Dates: during 1990-1999
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TOFU QUEEN At the National Finals Rodeo in Las Vegas last week, Brandy DeJongh, the newly crowned Miss Rodeo America 2000, got smacked with a chocolate-tofu pie by Dawn Carr, a member of People for the Ethical Treatment of Animals. PETA doesn't like rodeos...
VENTURE OUT Sick of reading about venture capitalists making a mint by investing in dotcoms before they go public? Well, thanks to a newfangled mutual fund announced last week, you can plant seed capital. To be eligible for the fund, which VC Draper Fisher Jurvetson will roll out next year with meVC.com investors must earn $50,000, have $50,000 in the bank and plunk down at least $5,000. Just remember: most venture-capital bets are losers. Yours could...
...after this season's holiday feast. With a recent drought threatening next year's crop in Brazil, the wholesale price of coffee has shot up some 80% in the past few months, from a five-year low of 80[cents] per lb. in early October. Last week, as rains drenched Brazil, the price dropped a bit. Still, supermarket brands like Folgers and Maxwell House, which cut the price of a 13-oz. can by a dime in August, are jacking it up by 30[cents]. For the moment, gourmet beans at Starbucks or Peet's are staying the same...
...Robert G. Miller's job to rebuild it. Named Rite Aid chairman and CEO last week, Miller, 55, comes from the No. 2 job at Kroger, the nation's grocery powerhouse. To heal the drugstore giant, he'll have to regain confidence on Main Street and Wall Street: Rite Aid has been the biggest loser in the S&P 500 this year, with an 80% drop in its shares since January...
...debt, and before long, it should announce a deal to sell PCS. As for the underperforming, oversize stores on the West Coast, Miller insists he will rejuvenate, not unload them. Wall Street announced a measure of approval: Rite Aid stock closed at $11.50, up about $3 for the week. And with baby boomers and senior citizens fueling a boom in prescription drugs, Miller is confident he can cure Rite Aid's ills: "This is the fastest growing sector in retail." Now if he can just impose some financial discipline, he might be able to keep pace with...