Word: dow
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...boss, whose background includes both the Cambridge Latin School and the Marine Corps, concluded that he wanted to free the firm from the vagaries of the stock market. Now the firm tries to provide customers with a range of financial services that it can keep selling even when the Dow Jones index is falling...
Automakers last week reported that sales during the first ten days of July showed a modest improvement, dropping 19% below the same period of 1979, instead of the 23% decline that the industry has been experiencing since January. And mercurial Wall Street continued its recent strong showing, as the Dow Jones industrial average hit 923.98, its highest level in three years...
...Journal reporter's first responsibility is putting breaking business stories on the Dow Jones news wire. His second obligation, especially if he has a beat (tobacco, steel, banking and the like) is writing news stories for the inside of the paper. In his "spare" time, a Journal hand is expected to knock out stories for the second front and produce regular A-heds and leders. These front-page projects can take a month or more, and the paper is lavish in its support. Says Jim Drinkhall, an investigative reporter in the San Francisco bureau: "You can spend 40 bucks...
...Koten's series this year on executive jockeying at Coca-Cola was especially noteworthy, and not just for the trove of confidential and embarrassing information it turned up. Coke Chairman J. Paul Austin, who was probably more red-faced than anyone, also happens to be a director of Dow Jones. Appearing often on Page One too, are offbeat profiles (an industrial spy, an Alaskan fur trapper), social problems (inflation's ravages, the trials of the elderly) and exotica from all over (crime in Hong Kong's Walled City, exiles working to restore the monarchy to Russia...
...connoisseur of paintings, wine, well-bound books and unfettered women. Petrodollars, he reasons coldly, can rig almost anything, including the stock market. His plan is simple. Surreptitiously insert billions of those dollars into the U.S. stock market and then cut the price of oil to $10 per bbl. The Dow Jones average will go through the top of the World Trade Center, and the Kingdom will be an overnight hero to the hard-pressed West. The scheme works on paper -at least the clothbound kind...