Word: chip
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Dates: during 1980-1989
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Acrophobia set in at about 1:45 p.m., when sell orders began flitting through the exchange's super-DOT computer circuits in bunches of 1,000 to 2,000 shares each. Among the hardest-hit blue-chip stocks were 3M, which fell 7 1/4, to 126 3/4; Du Pont, which dropped 4, to 95; and Philip Morris, down 1 1/2, to 81. Some traders attributed the rout to the news of a statement by Federal Reserve Chairman Paul Volcker that a legislative stalemate on banking deregulation could endanger the U.S. banking system...
...this week's study break in Lamont, roughly 100 students closed their books and put away their papers long enough to partake of Oreos with doublestuff, chocolate striped cookies, the Almost Home, the Chips Ahoy! chewy chocolate chip cookies and other sugary delights...
...move would have cost the council an additional $1000 more than the $500 cost of having the banquet in a house. Dean of Students Archie C. Epps III was willing to chip in $700 for the more formal event, said Evan J. Mandery '89, chairman of the academics committee...
Smith Barney, another blue-chip investment firm, started its own brouhaha by suing Goodyear Tire and Rubber and Sir James Goldsmith. To stop a takeover bid by Goldsmith last month, Goodyear agreed to buy back the raider's 12.6 million shares of the company for $52.50 apiece, nearly a 22% premium over their market value of $43. Such buyouts at a premium not available to other shareholders are known as greenmail...
Although he emphasizes that he was never a "blue chip player," Moore says that his football salaries were good and enabled him to save enough to support his family and pay tuition bills during his stay in law school. He expects, however, that "in the long run, law will be more profitable...