Word: expression
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Dates: during 1980-1989
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...have hurried to cash in by changing the way they do business and even the way they are organized. Brokerage houses, banks, insurance companies and even credit-card firms have gone into a kind of mating frenzy, merging left and right and creating new organizations with names like Shearson/American Express and Prudential-Bache. By offering a "supermarket" of financial services, these firms permit an investor to pick up stocks along with auto shocks at his local Sears, to write checks and sell shares through a Merrill Lynch Cash Management Account and to have his Visa transactions recorded along with...
...about 15% of the Nos. 4 and 5 bonds, are probably the biggest losers. According to A.M. Best Co., an insurance-industry research firm, Aetna Life & Casualty held $50 million worth of the securities at the end of last year, while Fireman's Fund, a unit of American Express, had $48.9 million at risk, and Kemper had $24 million. None of these companies, however, has fallen into financial trouble. Says an Aetna official: "Our losses will not be insignificant. But our other assets are very secure, and our foundation is very, very solid." Aetna...
...LEADING British rock weekly New Musical Express would have us believe that New Order is now the "world's leading" rock group, a compliment that is no surprise since NME and other British music rags have long led a monumental rock myth that is as much hype as it is substance...
...Israeli decision came less than 24 hours after Prime Minister Menachem Begin canceled a trip to Washington planned for this week. The meeting was to have been the first between Begin and Ronald Reagan since June 1982. It would no doubt have given the President an opportunity to express his reservations about Israel's redeployment plans. Begin, who has been in poor health, cited only "personal reasons" for his decision...
...proposed IDS acquisition would expand American Express's customer base and put it in direct competition with another new financial giant, Sears, Roebuck, for the middle-income market. IDS customers are mostly Midwesterners with incomes in the $30,000 to $65,000 range, slightly less affluent than the typical American Express client, who earns upwards...