Word: corp
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...writers are employees of the Leamil Corp., operators of Herrell's Ice Cream in Harvard Square...
FLATLINERS In investing, you can't even count on death. With age-adjusted death rates slipping in the past few years, the stocks of funeral homes and cemeteries are looking terminal. Death-care stocks like Service Corp. International and the struggling Loewen Group boomed through the mid-'90s as the industry consolidated and the population aged--seemingly offering a guaranteed market. But debt soared with acquisition costs just as the number of funerals was falling, a tragic combination...
...HOAX Shares of Emulex Corp. plunged some 67% last Friday, after a fake press release appeared on the Internet Wire site. It was soon picked up by other media, and the rout was on. The stock recovered, but some investors were burned. The lesson: if the news is sensational, check the source or the company's website. Second lesson: once a panic starts, if you're not out first, you're toast...
...earn bonuses of as much as $25,000; low-performing schools risk takeover by the state. Texas officials boast that since 1994, scores have risen by 27%, and more students are taking the SAT and college-level advanced-placement exams. A study released last month by the Rand Corp. ranked Texas first in the U.S. in educating children, when measured by comparing students with similar family backgrounds. Officials also cite the shrinking gap in Texas between the scores of minority students and their white peers. In 1994, 28% of blacks and 34% of Hispanics in 10th grade passed the exam...
...sources tell TIME that Lieberman has named Michael Lewan, who was his administrative assistant from 1989-93, to be his campaign chief-of-staff. Lewan, 49, will take an unpaid leave-of-absence from his Washington lobbying shop, where he has represented several life insurance industry clients, Oracle Corp., BellSouth and others. Lewan will travel with Lieberman, while Tom Nides, the Gore campaign staffer who had been detailed to assist Lieberman, will remain in Nashville to coordinate the activities of the two candidates. Meanwhile Sherry Brown, the longtime head of Lieberman's Connecticut office, will move to Washington to head...