Word: auction
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Dates: during 1970-1979
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More important, the Saudis announced that for the first time they will auction some of the more than 5 million bbl. of oil daily that they receive from their 60% ownership of the Arabian American Oil Co. (Aramco). Unlike Kuwait, which two weeks ago announced that it will no longer auction its crude because offered prices were too low, the Saudis will accept whatever they are bid. The first auction will take place in August and could involve most of Saudi Arabia's share of Aramco's output. Initially the oil will probably sell for as much...
Independent Profits Only 16 months after it was put on the auction block in the wake of a spectacular bankruptcy, Rolls-Royce Motors Holdings Ltd. is doing well indeed. After riding in the red for years, it has announced a pretax profit of $11 million on sales of $117 million...
...coverage has not been substantially reduced. It has also brought what the Administration fondly describes as "grassroots democracy" to the system by giving the nation's 246 local PBS stations the budgetary power to control programming by buying or rejecting possible PBS shows in a form of program "auction." Only those shows winning sufficient financial commitment from local stations will be included in the PBS lineup...
...villain in Mrs. Ware's case is a tax law enacted by the Illinois legislature two decades ago. Drafted with the help of real estate operators, the measure authorizes local governments to auction off a two-month-overdue property-tax bill-if the owner does not respond to a warning notice within three weeks. The buyer of the overdue bill can take full title to the property two years later-again, after giving notice -if the owner has paid no part of the taxes or the interest. Ostensibly, the law is meant to provide an incentive for private enforcement...
...event in art this week is WGBH's annual "Art Night", the start of their fund-raising auction. From 6 p.m. until midnight, on Sunday, June 2, channel 2 will sell off 275 works by local artists--they've been on display at the Prudential Center all week, and you can place written bids up until air time. But it's more fun to tune in and succumb to the lures of the auctioneers (like Kevin White, Sonya Hamlin and other local notables) who encourage you to "Stay at Home and Bid by Phone." The best show...