Word: sell
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Dates: during 1980-1989
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...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...Mysterious Bookshop (20,000; New York City). The biggest mystery is how this unassuming little Manhattan shop managed to sell $1 million worth of crime and detective fiction last year despite the presence, within easy walking distance, of five chain outlets. The solution: Mysterious carries hard-to-find whodunits that mystery buffs crave. Says customer Steve Ritterman: "There's much more depth here than in a regular bookstore -- authors you can't find elsewhere." Owner Otto Penzler concedes that he does not do smash business with best sellers by the likes of Robert Parker or Robert Ludlum. "B. Dalton...
...preppy sport of crew, organizers of a new student group promoting awareness of the Chinese pro-democracy movement see it as a perfect chance to get across their message. Joseph C. Kusnan '93, who helped found Harvard Students for a Democratic China, said the group has obtained permission to sell t-shirts at this weekend's festivities...
Given a choice between two product lines, one thriving and the other struggling, most companies would have no problem deciding which one to embrace. But for Zenith, the decision was painful. The suburban-Chicago company surprised the high-tech industry last week by agreeing to sell its prosperous computer division to France's Groupe Bull for about $635 million. In doing so, Zenith, the last major U.S. maker of TV sets, decided to stake its future on that risky and supercompetitive business...
Heavily in debt, Zenith has reported losses in three of the past four years. Says Chairman Jerry Pearlman: "We are a highly leveraged company in two very tough businesses. We really felt we couldn't do either of them appropriate justice." Pearlman had tried to sell the company's TV division, but no buyers were willing to pay the reported $400 million asking price...