Word: bell
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Under the current system, local phone companies charge long-distance vendors on a per-minute basis. In the Boston area, for example, long-distance carriers pay Bell Atlantic $.035 per minute for every call that terminates in its service area...
...concern that a "wall of fear" might start to build on itself. When the Dow dropped 350 points, the first circuit breaker kicked in, around 2:35 p.m., and trading was stopped for 30 minutes. "It was eerie," says an exchange clerk. "I was shocked when I heard the bell stop trading." It was the first time circuit breakers had been triggered since their introduction after the 1987 crash. But the break seemed to unnerve traders. The market reopened to another wave of selling. The second break came less than an hour later, at 3:30, when the market shut...
...monster buy order of Pepsi, entered at 9:31 a.m. by the beverage company itself, that convinced many scared traders that they had better start buying. The cool calm of Pepsi opening flat--most other stocks indicated a $3 or $4 dip--changed everything. Within seconds after the opening bell, Pepsi let it be known that it would General-Jackson its own stock, standing there, Stonewall-like, right under the bid for millions of shares...
...Gingrich spokeswoman Christina Martin delivered the somber news: "At the request of the White House, the fast-track vote has been postponed until sometime over the weekend." Friday and possibly Saturday will find Clinton back on the free-trade wagon, ringing his bell and passing out pork to any congressman willing to see the light...
...scholarly but combative Klein, who stands 5 ft. 6 in. in his running shoes, appears to be an unlikely David to Microsoft's Goliath. He came under heavy fire last April for granting unconditional approval to Bell Atlantic's $23 billion merger with NYNEX, a deal that created a giant with 39 million phone lines from Maine to Virginia. But Klein, a music buff whose eclectic tastes run from Ray Charles to Puccini, takes no predictable view on enforcement either. He simply picks his targets as he sees them. "I'm not an ideologue or a crusader," he says...