Word: belled
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Dates: during 1980-1989
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...Bell is gone and big problems face the eight baby companies she spawned...
...stroke of midnight, at his vacation home in Florida, American Telephone & Telegraph Chairman Charles Brown and his wife Ann Lee raised glasses. Said Brown: 'To the men and women of the Bell System." A thousand miles away, at a party near New York City, a longtime Bell manager lamented, "The world's best phone system is being broken up. What's there to be cheerful about...
While much of the U.S. was offering champagne toasts or blowing noisemakers to welcome the new year, the world's biggest company, the Bell System, died quietly. It broke up into eight giant pieces-a new and smaller AT&T plus seven regional holding companies-in line with an out-of-court settlement of an antitrust suit reached on Jan. 8, 1982, between the Justice Department and Bell...
...SOMEWHAT SURPRISING that taping scandals did not ring a bell in President Reagan's mind, when he went to bat for Charles Wick last week. As usual, though, the President showed surprisingly little grasp of the serious implications of a member of his staff...
When the closing bell tolled at 4 last Friday afternoon, the New York Stock Exchange rang out its busiest year ever. Inspired by a continuing bull market, investors had traded 21.6 billion shares, up from 16.5 billion in 1982. The Dow Jones industrial average closed the year at 1258.64, a gain of 212 points over 1982. Prices on the American Stock Exchange, which is made up largely of younger companies with lower-priced issues, surged ahead 31%. The over-the-counter market, the haven for more speculative stocks, rose 20%. Most shares made their big gains during the first half...