Word: dows
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...appears that Sprinkel may have been right. The Government said last week that the gross national product expanded at a 4.3% annual rate during the July-September quarter. That was far better than the 1.1% growth rate in the first six months of 1985. The news helped send the Dow Jones industrial average to a record close on Friday of 1464.33, up 29 points for the week...
...year that Newton's laws were repealed on Wall Street. What went up never came down--at least not for long. After starting 1985 at 1211.57, the Dow Jones industrial average broke the 1300 barrier in May, smashed 1400 in November and surged to a peak of 1553.10 on Dec. 16 before settling at 1543.00 at the end of last week. The advance was fueled by the billion-dollar money managers who handle the investments of pension funds, insurance companies and bank trust departments. By the end of the year, even the most cautious of these institutional investors were under...
DIED. MARC LAPPE, 62, outspoken medical ethicist and founding fellow at New York's Hastings Center; of cancer; in Gualala, Calif. Regularly called as an expert witness on environmental contamination, he gave testimony on silicone breast implants that helped lead to a $3.2 billion settlement by Dow Corning Corp., the implants' manufacturer, in 1992--the year the FDA banned general use of the implants...
...right time," says Sverre Munck, executive vice president of Schibsted and ceo of 20 Min Holding, which controls 20 Minutes in France and Spain. The rise in free papers is one more headache for traditional dailies, already smarting thanks to competition from online and television news providers (Dow Jones & Company, publisher of the Wall Street Journal, last week announced plans to shrink its title's European and Asian editions to tabloid size in October). Daily newspaper circulation fell across much of Europe between 1999 and 2003, dropping 2.3% in France, 6.2% in the Netherlands and 8.1 % in Germany. As many...
...might well have expected his final year as Chairman of the Federal Reserve to be one triumphant victory lap. Instead, the man known as Maestro may not even get a standing ovation. The economy is showing signs of slowing growth and oil-fueled inflation, a potentially dire duality. The Dow Jones industrial average, a daily vote on prospects, is filled with undecideds. The volatile Dow plunged early last week and then rallied for its biggest one-day gain in two years, only to retreat again at week's end. Far more certain are the critics who have begun maligning Greenspan...