Word: dowe
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Dates: during 1980-1989
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...With Dow Jones tickers clicking outside and electronic monitors spewing stock quotes, the traders follow the progress of different companies on computer screens, occasionally calling outside investment firms on their bank of phone lines...
...Wall Street, investors began battering bank stocks. Hardest hit was Manufacturers Hanover, which lost 3% points, or nearly 11% of its value, in a single day of trading. A sharp slump in bank issues helped drive the Dow Jones industrial average to 1103.43, its lowest level in 15 months. In bond trading, prices also sank. Elsewhere, sell-offs rocked the London Stock Exchange, and the high-flying U.S. dollar went into a steep tailspin...
After all the jitters on Thursday, however, financial markets opened calmly on Friday. The dollar strengthened abroad, and the Dow Jones industrial average rose nearly 4 points, to 1107.10. Bank stocks recouped some of their losses from the previous day. The whiff of panic seemed to be over, at least...
Judge Jack Weinstein hammered out the settlement at federal district court in Brooklyn, N.Y., shortly before dawn of the day that jury selection was scheduled to begin. The seven corporate defendants-Dow Chemical, Monsanto, Uniroyal. Diamond Shamrock, Hercules, T.H. Agriculture and Nutrition and the now defunct Thompson Chemical-denied any liability for the veterans' illnesses: their position was that Agent Orange had not caused the health problems and that they had merely manufactured the defoliant according to the military's instructions. Nonetheless, the companies agreed to place $180 million into a fund that will be used to compensate...
Last week's settlement will not end the fight to have the Government accept some responsibility for the problems as cribed to Agent Orange. Dow Chemical announced that it would sue the Government to recover the money. Some lawyers believe that families of the affected veterans may be entitled to sue the Government even though the Feres decision prevents the former soldiers from doing so. Democratic Congressman Thomas Daschle of South Dakota, a Viet Nam veteran, demanded that the Government accept a measure of responsibility and join in providing some compensation. "If the companies can do it, then...