Word: dowe
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...remarkable for a product that wasn't even available seven months ago. Nicoderm, the first patch to be approved by the FDA, arrived on the market just in time to cash in on several million New Year's resolutions. Backed by a massive ad campaign, marketer Marion Merrell Dow Inc. quickly created a huge demand, which soon outstripped supply. That was good news for rival Ciba-Geigy Corp., which now claims more than half the market, in contrast to about 30% for Nicoderm. But Ciba-Geigy, which has already sold more than 70 million Habitrol patches, has been forced...
...course, it was no better a decade ago, in 1982, when banks were paying 12% but tax rates and inflation were higher. You could have been losing money back then too, but at least 12% seemed like a lot. And with the Dow groveling around 800, what was your alternative? Certainly not stocks -- everybody knew stocks were no place for smart money...
According to preliminary calculations, the Dow Jones average of 30 industrials fell 61.94 points...
...Dow Corning Corp., which pioneered silicone-gel breast implants in 1962, last week became the third manufacturer to abandon the market. The target of hundreds of lawsuits that could cost the company $1 billion, Dow Corning finally succumbed to the national furor that erupted over allegations that the implants can cause major health problems...
Even as the company withdrew, it insisted that there is no proof that leakage from Dow implants causes significant damage. But it announced a $10 million fund for research into implant questions and said it will pay up to $1,200 (of a cost that ranges from $500 to $5,000) for customers who cannot afford surgery for necessary removal...