Word: dow
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...gulf. The moment of reflection turned out to be the only lull of the day. The opening bell was immediately followed by wild cheers and shouts of "Buy! Buy! Buy!" When the excitement was over, the exchange had recorded one of its busiest days in history. The Dow Jones average rose more than 114 points, the second highest one-day gain ever, to 2623.51. "The best scenario possible seems to be taking place," declared James Bellini, head of equity trading for the firm Dain Bosworth. "People realized that the outbreak of war was not as negative as they anticipated...
...first Iraqi missile attack on Israel gave investors pause, but they resumed their bullishness when there was no immediate retaliation. The Dow Jones average closed the week at 2646.78, up a record 145.29 points. In Germany the Frankfurt exchange registered its largest single-day advance in history and gained more than 1.6% for the week, while Tokyo's Nikkei index rose...
...fuel-burning utilities and the manufacturers of nonbiodegradable plastics, have begun looking for ways to present a better face to their future clientele. Recycle This, a professional theater production touring U.S. high schools and featuring rock-'n'-roll and rap songs about landfills and solid waste, is sponsored by Dow Chemical, a major producer of polystyrene...
...coverage. The Washington Post said last week it will halt a long-standing growth trend in news staff and budget, scrutinize travel more closely and tighten the news space and manpower for nine local weekly sections. The Wall Street Journal announced a budget freeze and limits on news space. Dow Jones chairman Warren Phillips, who built the Journal into a globe-spanning enterprise, told the staff in a memo that "adverse market conditions" would continue, particularly in the U.S., in 1991. Thus, he said, "it's prudent for us to take steps now." Days after the memo, Phillips...
...foreign-based publications in general about the government's right to reply to coverage. The circulation of the Asian Wall Street Journal was cut in 1987, when the paper refused to print in full a lengthy government letter about an article on a proposed new stock exchange. Another Dow Jones & Co. publication, the Hong Kong-based weekly Far Eastern Economic Review, stopped Singapore distribution in 1988 after its circulation was crimped from...