31.   Express America decided against buying the assets of four poor-performing adjustable-rate mortgage bond funds that Pilgrim managed.

32.   FirstCity was created by merging with J-Hawk Corp., a Waco, Texas firm that buys distressed assets from financial institutions and liquidates them at a profit.

33.   Expectations they will have to sell yen to obtain the foreign currency they need to buy foreign assets has spurred traders to sell the yen.

34.   For one thing, Harcourt is known as a company that likes to buy assets cheaply.

35.   For example, while book value carries assets at depreciated original cost, replacement value focuses on how much it would cost to buy those assets today.

36.   GPU said it would also consider offers to buy operating assets of power suppliers, though it added that it was not encouraging such approaches.

37.   He also noted that Li had a track record of buying distressed assets and selling them later for eye-popping profits.

38.   However, they would not buy utility assets such as power stations or transmission lines.

39.   IDT Has Interest in Global Crossing IDT, the long-distance and prepaid calling card company, said it was interested in buying assets from Global Crossing.

40.   In a forward contract, investors buy an asset at current prices for delivery at a future date.