Word: dowe
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Dates: during 1980-1989
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...court in Uniondale, N.Y., last week, Sutton partook of a bittersweet victory. U.S. District Court Judge George C. Pratt ordered the opening of heretofore sealed documents gathered for a multibillion-dollar lawsuit by some 20,000 Viet Nam veterans and their relatives against Dow Chemical and four other companies that manufactured Agent Orange. One of the substances present in the herbicide, used in the Viet Nam War to defoliate enemy crops and jungle hiding places, is the dangerous chemical dioxin. The documents reveal that Dow officials had knowledge even before the mid-1960s that exposure to dioxin might cause people...
...confidential letter written in 1965, during a time when the Government was purchasing millions of pounds of Agent Orange, Dow's toxicology director wrote to another Dow official that dioxin "is exceptionally toxic; it has tremendous potential for producing chloracne [an ugly skin disease] and systemic injury. . . I trust that you will be very judicious in your use of this information. It could be quite embarrassing if it were misinterpreted or misused." A postscript added, "Under no circumstances may this letter be reproduced, shown or sent to anyone outside of Dow...
...financial leaders cheered Reagan's reappointment of Volcker two weekends ago as a sign that the Administration is determined to hold the line on prices. The financial markets had scored big gains in anticipation of the reappointment, but after it became official, the rally cooled off. The Dow Jones industrial average declined one point last week, to close at 1241.69. Investors are cautious because they recognize what a tough assignment is facing Volcker. Says Norman Robertson, chief economist of Pittsburgh's Mellon Bank: "We have not yet solved the problem of how to sustain a recovery without reigniting...
...expecting the nod, and so was Wall Street. The stock market, which not long ago dropped sharply when it seemed that Volcker might be replaced, resumed its happy rise last week. Spurred in part by the growing conviction that the Fed Chairman's job was safe, the Dow Jones industrial average rose 46 points, its second largest weekly gain this year, and reached a record high of 1242.19. Said New York Investment Banker Felix Rohatyn: "Volcker's monetary policy has been criticized by almost everybody and is therefore probably right." Reaction on Capitol Hill and in international banking...
...demand for that type of skill has made the growing industry even more attractive to giant corporations, since they already have valuable experience in those fields. CBS, Walt Disney Productions, 20th Century-Fox Film Corp. and Dow Jones & Co. have all entered the software business within the past year. CBS and 20th Century-Fox are producing software for games, while Walt Disney makes educational programs. Dow Jones is turning out packages for stock-market analysis...