Word: auction
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Dates: during 1980-1989
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...desperate cost-cutting struggle to survive, Wurlitzer has reduced its production schedule, and one of its three remaining U.S. plants has been put on the auction block. Since March the firm has closed half its 42 company-owned retail outlets around the country, and it is seeking to sell or close the remaining ones. In addition, the firm's worldwide work force has been slashed by more than 20%, to about...
Exactly how the lands will be sold to the public remains to be determined. The White House has not decided whether to do it by sealed bids, public auction or some other method. "It is clear that we'll have to go beyond what's been done in the past," says Edwin Harper, the President's assistant for policy development and chairman of the Property Review Board. "We can't just put an ad in the newspaper and see what responses come...
Land Leasing. Under Watt the federal acreage leased for oil exploration has more than doubled; land leased to coal companies has quintupled. Conservationists worry, for example, about the lease hastily granted last fall for drilling beneath New Mexico's Capitan Wilderness. Critics also say it is unwise to auction coal properties during a market glut...
Last month in Kentucky the annual Keeneland Summer Sales, the Academy Awards of equine auctions, did even better. There, 279 yearlings averaged $344,183 apiece, up 32% over last year. One lively colt, son of the extraordinary Nijinsky II, went for an alltime auction record of $4.25 million. Said Kentucky Horse Breeder William O'Neil: "Last year's prices were mind boggling, but this year's are about unbelievable...
...like to have time to think about that," Denes says. One idea she favors is to turn her wheat into bread and distribute it to the poor. She has also received some 30 other suggestions, among them proposals to send the wheat to a needy country like Cambodia or auction it off at the New York Stock Exchange, just down the street...