Word: augustness
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Dates: during 1980-1989
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...point most thoughtful Wall Streeters agreed: the market had reached such dizzying heights that a correction of some sort seemed almost inevitable. Propelled by favorable economic news and a wave of multibillion-dollar takeovers, stocks had soared more than 1,000 points since the 1987 crash. But by last August some Wall Streeters were clearly worried. Noted Donald Stone, a floor specialist for Lasker, Stone & Stern: "I've been on the trading floor for 39 years, and I've never seen the market go up so fast for so long without a major break." Yet the bulls kept on running...
Polygram Records, the Dutch-owned music giant, wants to turn up its volume in a big way. Polygram aims to increase its 8% market share in the U.S. by acquiring respected independent firms, which are becoming a rare breed. In August the company paid $300 million to purchase Britain's Island Records, a pioneer in reggae and progressive rock. Last week Polygram said it reached an agreement to swallow an even bigger target: A&M Records, the label founded by Tijuana Brassist Herb Alpert and promoter Jerry Moss. The price, which was not disclosed, was estimated at as much...
...AUGUST SNOW. Revered novelist Reynolds Price debuts a trilogy at the Cleveland Play House (titles of the other works: Night Dance and Better Days...
...morning-show women. Norville, who joined the network as anchor of NBC News at Sunrise in 1987, has yet to prove herself with a national audience. Her chief success to date: as correspondent for Bad Girls, a prime-time special about troubled teens that drew sensational ratings in August. Her fast rise has reportedly miffed many colleagues at NBC News. Last week she found herself the target of criticism for appearing as "anchor" at a Philip Morris sales presentation in February. Though the network had approved her appearance, NBC News president Michael Gartner later expressed doubts about its propriety...
Administration: Susan Lynd, David Richardson, Clementina Allured, Hope Almash, ! Melissa August, Sharon Boger, Donald N. Collins, Joan A. Connelly, Ann V. King, Judith R. Stoler News Desks: Breena Clarke, Douglas Dale, Brian Doyle, Eileen Harkin, Suzanne W. Marcou, Waits L. May III, Jacalyn McConnell, John F. McDonald, Susanna M. Schrobsdorff, Pamela H. Thompson, Diana Tollerson, Joanne Waugh, Ann Drury Wellford, Jean R. White, Mary Wormley