Word: bondses
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Just as homeowners are rushing to refinance mortgages to cash in on falling interest rates, giant U.S. companies are feverishly rolling over the huge debts they assumed in the 1980s. In the heaviest weekly deluge of new issues ever, companies sold some $11 billion of corporate notes and bonds last...
The flood of new issues followed the torrid pace set in 1991, when companies sold a record $132 billion of corporate bonds as the Federal Reserve Board pushed down interest rates. While most such deals represented refinancings that will reduce corporate payments to investors, the latest sales could also be...
The museum's spiral-shaped building on Fifth Avenue will reopen in May after two years of restoration and expansion. The $48 million project will increase exhibition space by two-thirds, even though critics charge that a new, 10- story annex designed by Gwathmey & Siegel detracts from the Wright building...
Not that we're conclusively out of the woods, by any means, or that I was in there with the Smart Money last week paying all-time record-high prices to buy stocks myself -- "Buy low, sell high, ommmmm," I kept chanting whenever I felt the urge -- but things have...
Or consider the CIA. To those who knew of it at all in 1963, it was still living off the glamour of its wartime OSS (Office of Strategic Services) legend -- the dashing blue-blooded oh-so-social spies, American James Bonds. Even the black eye of the Bay of Pigs...