Word: firming
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Dates: during 1980-1989
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...moneymaking high end of the luxury-car business. The automakers have fixed their gaze on Britain's Jaguar as the car of choice in the upscale market. Last week Ford declared that it may bid to buy Jaguar when the British government's restrictions on individual stakes in the firm expire at the end of next year. Ford currently controls 13% of Jaguar's stock...
Ford's salvo came as GM was negotiating a joint venture and minority stake in the successful but cash-strapped British carmaker. Now analysts expect that GM may be forced to try to buy the firm outright to prevent Ford from making a hostile raid. Should the battle between the two U.S. giants become heated, analysts predict, Jaguar shares currently valued at $2 billion might fetch as much as $2.9 billion...
...program trading. In this computerized practice, speculators trade stocks and stock-index futures simultaneously to profit from minute differences in prices. But program trading incited a Wall Street revolt last week as the Dow Jones industrial average plunged 92.42 points to 2596.72. Faced with pressure from investors, the firms Bear, Stearns and Morgan Stanley said they will halt the use of index arbitrage, the most popular form of the | strategy. A third firm, PaineWebber, scrapped all forms of program trading...
...oddsbusters are Peter Guber and Jon Peters, whose penchant for producing such hits as The Color Purple and Batman has brought Warner hundreds of ( millions of dollars. When Sony announced its agreement to pay $3.4 billion in September for Columbia Pictures Entertainment, the Japanese firm impressed Hollywood with its savvy choice of executives to run the studio: Guber and Peters. But there was one major hitch: in March the two had signed a five-year contract with Warner, which the studio claims was an exclusive arrangement...
...government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that by the end of 1989 the store of unspent, readily available money will exceed 460 billion rubles, at least a third of which would be spent immediately if goods were on hand...