Word: fed
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Dates: during 1990-1999
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...than 4% in the past 12 months, which is the greatest gain in 20 years when adjusted for inflation. The Dow is at 7756, more than doubling in three years, and corporate profits are at their highest level ever. Yet inflation is a negligible 2%, and even the dour Fed Chairman Alan Greenspan seems confident enough in the new economy to keep interest rates...
...Noyce was fed up with Fairchild. The firm was blowing up: engineers were leaving, top execs didn't understand the semi business, and science was being replaced by politics. Noyce phoned Arthur Rock, now the eminence grise of Silicon Valley investing, and told him that he and Moore wanted to start their own semiconductor company. Fairchild, he said, was finished. Rock (who holds nearly $500 million of Intel stock today) raised the money nearly instantly. Moore told Grove of the plan one day when they were at a conference in Boulder, Colo. The decision to join his bosses was made...
...lets us guess who will survive. Pam Grier's title character is a flight attendant running money from Mexico to California for her drug boss Ordell (Samuel L. Jackson), who is variously inconvenienced by his lazily taunting girlfriend (Bridget Fonda), his low-IQ henchman (Robert De Niro), an eager fed (Michael Keaton) and an aging bail bondsman (Robert Forster), whose creased face is a road map of disappointment in the venality of humankind...
FORTUNE Business Report gives you everything from Wall Street's day, without the little paper slips. Tuesday: Tech stocks rebound, Fed stands...
Just in from the Fed: There will be no change in short-term interest rates. Which was exactly what Wall Street was expecting; trading on both the Dow and NASDAQ was robust all day, and was expected to continue unflinching in the wake of the announcement. Faced with weighing the high-octane U.S. economy against the tenuous financial markets overseas, the Fed has not changed rates since late March; they will remain at 5.5 percent. In Money Daily...