Word: risen
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...research and set out to find a new generation of superstar drugs. The antibiotic Rocephin, which had worldwide sales last year of $445 million, is currently the firm's largest-selling product. Valium, though, remains the second-best seller. Last week the company reported that 1988 profits had risen to $389 million, up 33% from the previous year, on sales of $5.3 billion. Now that Hoffmann-La Roche no longer lays claim to the title of the world's most expensive stock, Gerber hopes he can find the prescription for more growth...
Club fees have jumped as well -- although nowhere near the staggering levels paid in golf-crazy Japan (the most expensive: $2.5 million for the Koganei Country Club near Tokyo). In Highland Park, Ill., for example, initiation fees at the Exmoor Country Club have risen from $8,000 to $25,000 in the past five years. Memberships at some private clubs in the Los Angeles area cost more than $50,000, and $2,500 annually thereafter. But so far, golf aficionados are willing to pay those prices. Fore...
...some excess properties even in Northeast states like Massachusetts and Connecticut. "What you're dealing with is the aftermath of , a massive speculative excess. It tends to drive down the value of all real estate," says Austin-based banking analyst Alex Sheshunoff. To make matters worse, mortgage rates have risen a full percentage point in the past year, to an average 11.5%, which has stalled home sales and depressed residential- property values in many areas...
...said the local government would cut its contractual ties with Exxon as a supplier. In California a lawsuit was filed that accused the oil company of boosting gasoline prices to help pay the cost of cleaning up the spill. Across the U.S. average gasoline prices since the spill have risen more than 8 cents per gal., to a three-year high of more than $1.04, at least partly because of the interruption of shipments from the Alaskan pipeline...
Unfortunately, the flaws in this argument are manifold: the ideal of universal educational opportunity has never been achieved, and many gains during the 1970s were cut back by the Reagan administration. Since 1980, costs for public and private colleges have risen by 40 percent after inflation, while federal student aid has grown by only 3 percent. Moreover, the emphasis of student aid has shifted from grants to loans, which account for 66 percent of all aid, compared to 21 percent...