Word: bulls
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...fresh outbreak of merger mania. So far this year, 4,813 mergers and acquisitions, worth $366 billion, have been launched or completed. That compares with 4,082 transactions, valued at $249 billion, during the same period last year. As daily stock-trading volumes languish at a fraction of their bull-market highs, and small investors seem a vanishing breed, mergers and acquisitions provide the only excitement around...
...strangest pitch that anyone threw this summer in Bull Durham was a curve ball that Kevin Costner delivered to Susan Sarandon. In the midst of a romantic face-off, he announced that "the novels of Susan Sontag are self- indulgent, overrated crap." Sarandon was so surprised -- Who was talking literature? -- that it took a few scenes before she hit the pitch back: "I think Susan Sontag is brilliant!" So there. Alerted by friends to this great debate, the flesh-and-blood Sontag left Bull Durham off her must-see list. She well remembered watching a French-Canadian film, The Decline...
Sontag's earlier novels have met a mixed reception, and not just in Bull Durham. Though she builds an absorbing puzzle in The Benefactor (1963), in parts of Death Kit (1967) the scientific instrument of her prose is never quite equal to a musical instrument of the imagination. But in her more recent short stories, many of them collected in I, etcetera (1978), she triumphs, neatly drawing thought into the shapes of feeling. At the end of the story Debriefing, about the psychic perils of city life, she even makes what could be a gently funny summation...
WILL THE LAST PERSON TO LEAVE THE PITS PLEASE TURN OUT THE LIGHTS? Trading volume at the Chicago Board Options Exchange has plunged 43% in the first eight months of 1988, compared with the same period the previous year. During the bull market, the exchange had boomed partly because stock investors had hedged their Wall Street bets by buying options contracts. But now business is so slow that 150 of the exchange's 1,200 employees have been given severance packages. One of the most renowned traders on the exchange, Jack Keller, 45, has moved his family back...
...Wall Street Journal expanded from one to two sections just in time for the biggest bull market in history. Circulation rose steadily, and the newspaper soon found itself bursting at the seams with advertising. Last week, in a very different financial climate, the Journal traded its two-part design for a sharp three-piece look...