Word: dowe
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...totally compromised by the cross directorships with the foundations. "We as class-A [nonvoting] shareholders are impotent to effect any kind of change," complains Jonathan Lewis, an analyst at Franklin Mutual Advisors, which is headed by the feared raider Michael Price. The outfit, which has made runs at Dow Jones & Co., Chase Manhattan Corp. and Sunbeam Corp., wants Grune gone. Says Lewis: "Grune is an ineffective manager, and I think the board of directors should expeditiously seek to replace him and/or to pursue the sale of the company." It's not quite the welcome back Grune anticipated when Digest lured...
...engages in armed conflict. Look no further than the tireless bull market that we enjoy today. It began in 1991 when the U.S. drove Saddam Hussein and his Iraqi army out of Kuwait. The first allied air raids came on Jan. 17 of that year and sent the Dow Jones industrial average soaring 4.6% in a day. By mid-March the Dow had jumped...
Business Bytes The Dow rocks on to a new high of 8451. Market wraps in the FORTUNE Business Report. Real-time quotes! From Money.com. Or check the indexes...
Business Bytes The Dow rocks on to a new high of 8451. Market wraps in the FORTUNE Business Report. Real-time quotes! From Money.com. Or check the indexes...
Business Bytes Profit-taking continues to dog the Dow. Friday market wraps in the FORTUNE Business Report. Real-time quotes! From Money.com. Or check the indexes...