Word: beene
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Dates: during 1980-1989
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Yet this year's rally has rested on some shaky foundations. Chief among them is the relentless pace of corporate takeovers, which enriched everyone on Wall Street, from stockholders to investment bankers. But the buyouts have been fueled by financing from a junk-bond market that was severely weakened last...
Many investors, especially short-term speculators, were badly shaken. The biggest losers were Wall Street arbitragers, who make money by buying the stock of takeover targets and selling it at a higher price when the deals go through. The high anxiety about the junk-bond market sent the stocks of...
When Iowa farmer Janice Sorenson turned up a huge, windmill-shaped hunk of titanium while harvesting corn last week, she knew exactly what she had found. General Electric had distributed photos of the disk in its search for the cause of the crash of a United Airlines DC-10 last...
The disk was the most sought-after part because it served as the hub for the engine's turbine blades. Metallurgists who inspected the disk last week found a crack that appeared to have been present before the explosion and may have triggered it. From its total reward fund of...
It was a great night for Soichiro Honda, 82, founder of the company that bears his name. Before an audience of 800 auto-industry elite in Detroit last week, Honda was the first Japanese carmaker to be inducted into the Automotive Hall of Fame, where his name will join those...