Word: chips
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...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...
...called flight to quality kept the blue-chip Dow Jones industrial average rising last week, as investors bought shares of such traditional giants as AT&T, General Electric and Du Pont. Investors were picking stocks based on old-fashioned criteria like healthy profits and steady growth. The Dow went up 20.67 points during the week, to close...
Meanwhile, the stock market suffered some profound jitters of its own. On the day after disclosure of the SEC subpoenas, the Dow Jones index of 30 blue- chip industrial stocks plummeted 43.31 points, to 1,817.21, the fourth largest drop on record. If anything, the Dow understated the market's nervous collapse. On the New York Stock Exchange, 1,390 issues fell that Tuesday, and only 283 gained. Many of the hardest hit were stocks that had been heavily traded by speculators in the anticipation of takeover action. Later in the week, as opportunistic traders saw many stocks as bargains...