Word: crashing
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Dates: during 1980-1989
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Last week it was disclosed that the Air Force has suspended low-level testing of the B-1B. The Strategic Air Command has restricted the 72 operational bombers to altitudes of several thousand feet until the crash investigation is complete and safety changes are made on the troubled, and vulnerable, plane...
Aftershocks from October's stock crash rumbled through Wall Street last week as several shaken brokerage houses took steps to bolster their financial health. First, Paine Webber agreed to sell up to 25% of its stock to Yasuda Mutual Life Insurance of Japan for $300 million. The brokerage, which lost $16.5 million in October, welcomed the investment as a defense against takeovers...
Kidder Peabody, which was reeling from a $25 million insider-trading fine even before the market crash, is slashing its operations. The firm said it would lay off 1,000 employees, or about 13% of its work force...
Harvard's endowment sunk from more than $4 billion to $3.85 billion in the October stock market crash, but fell at a rate far less than the market overall, according to figures to be released today in the University's annual financial report...
...Henley Group, Harvard's largest holding as of the end of the fiscal year, fell from $58 to $30 in the crash. At the end of the fiscal year, the University held $73 million in Henley, a manufacturer of industrial products...