Word: marketed
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Dates: during 1980-1989
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...tons of Kuwaiti oil, to be delivered in Genoa to an independent Italian oil company, Pontoil. On Nov. 30, the ship-Soudan's Salem-sailed for Kuwait and picked up the crude. After four days at sea, however, the cargo was sold to Shell in a normal spot-market transaction. Shell kept Genoa as the point of delivery...
Paying off Shell's huge claim would add to Lloyd's already impressive financial woes. Among other things, the venerable insurance market is being sued by 36 of its member underwriters in a case involving insured Bronx slum buildings put to the torch. Last year, Lloyd's investigated the smoking of five supertankers and dozens of other vessels; it estimates that, worldwide, 100 cargo ships were purposefully sunk in 1979, accounting for losses of $250 million...
...scarcely fill a hall in New York. Now their annual schedule of 59 concerts includes 17 appearances in New York, all of them sold out. Their four LPs on Vanguard and Columbia, while hardly rivaling the Boston Pops, have broken out of the confines of the specialized early-music market. In addition, they are moving into national television. They have video-taped four 20-minute recitals of music by such contemporaries of Shakespeare's as Dowland, Byrd and Weelkes, for inclusion in PBS's Shakespeare series starting this month. "The potential audience for this music goes far beyond...
...inflation outlook has grown bleaker, and the Carter Administration has prepared a budget-swelling 5.4% rise, above and beyond inflation, in defense spending for the fiscal year beginning in October. Largely because investors expect more inflation, Wall Street's trillion-dollar corporate a nd Government bond market last week took its biggest pummeling in years. Investors buy bonds to collect interest, but when the inflation rate is higher than the interest rate, the resale value of the bonds goes down. During the week, bond prices plunged through the floor, and interest rates rose to an unprecedented level of nearly...
...bdrm w/wbf, A/C & riv vu. Vacancy rates in cities such as New York, Chicago and even Kansas City are far below the 5% to 8% that Realtors consider is needed for renters to have a reasonable choice at a fair price. So tight is the market in Manhattan that as an old woman lay dying in her $400-a-month, two-bedroom Gramercy Park apartment, 374 people signed up for the prospective vacancy. It was rented for $1,600 not 15 minutes after she was pronounced dead...