Word: crash
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Dates: during 1980-1989
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Before the crash, working 100 hours a week was a fair trade-off for gaining invaluable education in the investment banking field. But opinions have changed now, as analyst programs have lost educational value and left more drudge work to trainees...
...Raider Robert Holmes a Court spent more than $800 million to buy 9.6% of Texaco's stock for an average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss...
...economy had enough momentum going into the October stock-market crash, the country may be able to avoid slumping into a recession. Last week that hope was fortified when the Government announced that the U.S. economy grew at a robust 4.1% annual rate during the third quarter. Two categories that showed increased strength were exports and business investment, which means the U.S. is lessening its dependence on consumer spending...
...help remedy the situation, crash courses for newlyweds and parents-to-be are being conducted across the country. Bookstores are stocking up on child- care books. Schools and summer camps teach children how to dress, cook and do household chores. Says Mao: "We ask mothers to offer a childhood that is more than just chocolate plus toys, to teach the child to be courteous, collective- oriented and self-reliant. That way, they will not become little emperors." What are parents to do when a child throws a tantrum? Do not give in to blackmail, says Fang. "Let the child...
...which "people listen." But in the past two years Hutton has found its reputation dwindling rapidly. Amid concerns over the firm's uncertain financial health, Hutton's stock slumped from a high of 44 7/8 last January to as low as 11 on the day after the October market crash. Last week the eroding confidence in the company and an expected downgrading of its credit rating forced the parent company of the tenth largest U.S. retail brokerage to take a - humbling step: inviting a takeover or dismemberment that would end its 83 years of feisty independence...