Word: dowing
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Dates: during 1980-1989
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...mostly, truth be told, they come for the show. Times may change, and the Dow Jones average may never cross 1100 after all. But for a month late every winter, year in and year out, the Hasty Pudding Theatricals will provide quality theater, uproarious theater relaxing theater...
Agee hardly has to worry about a job. He is a director of several corporations, including Equitable Life Assurance and Dow Jones & Co., publisher of the Wall Street Journal. At the time of the merger, his Bendix shares were worth about $1.4 million. In addition, unless shareholders sue successfully to stop him, he can pull the ripcord on a golden-parachute deal written into the merger agreement. It entitles him to receive his annual $825,000 salary for five years after he steps down, a plump severance package worth more than $4.1 million...
...hint of a fighting tone in McClean's words may reflect the Financial Times' decision to foray onto Dow Jones' U.S. turf: the paper is offering U.S. newspapers a weekly insert of international business coverage that made its debut Jan. 10 in the Houston Chronicle. Bigger efforts may follow. Says a Financial Times executive: "We are not printing a U.S. edition, but we should be. That is the logical next step...
...every other sense, it was a great year for stocks. The Dow industrials, which in the past few years have generally underperformed the broad market indicators, did best. They beat the indexes for the New York Stock Exchange (up 14%), the over-the-counter market (up 19%) and the American Stock Exchange...
Investors did not have to pick the winners all by themselves. Holders of shares in 257 of the 526 mutual funds ranked by Lipper Analytical Services beat the Dow in 1982. The best record (an 81% return) was turned in by Oppenheimer Target Fund, which was also...