Word: yen
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Hawaii Seafood Magnate Richard Fowler did not hesitate when a Japanese company offered him $21 million two months ago for his Honolulu mansion. Naturally, he took it. The house was assessed two years ago at $2.6 million. Aided by the sharp decline of the dollar against the yen, the Japanese have spent some $3 billion for Hawaiian real estate in the past two years, more than all foreign investment in the state between...
...movie Superman is a different matter. He has to contend with Margot Kidder as a liberated Lois Lane who can look on him with an earthy yen ("How big are you?" she asks in a tone that even Superman can almost understand). In Superman II she throws herself into the Niagara River just above the falls to tempt Christopher Reeve's Clark Kent into revealing his identity by rescuing her. Kent avoids the trap by helping her out with a tree branch. Only when they are drying off in front of a fireplace does his failure to be scorched...
News Editor for this Issue: Noam S. Cohen '89 Night Editors: David J. Barron '89 Noam S. Cohen '89 Mark M. Colodny '89 Melissa R. Hart Brooke A. Masters '89 Benjamin R. Miller '89 Copy Editor: Shawna H. Yen '89 Editorial Editor: Gary L. Susman '89 Sports Editors: Mark T. Brazaitis '89 Alvar J. Mattei '88 Business Editor: Henry Sicignano...
Buoyed by the strong yen, the Japanese last year poured nearly $6 billion into acquisitions of U.S. companies. But few of those investments were larger -- or more stunning -- than the venture announced last week by two renowned names in the world tire industry: Tokyo's Bridgestone and Chicago's Firestone. As part of a $1.25 billion deal, Bridgestone will take over Firestone's tire business, though the U.S. firm will retain a 25% interest in those operations...
...Merck became the "most admired company." -- Japan overcomes the strong yen. -- A better way to save for retirement...