Word: firming
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Dates: during 1980-1989
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Frederick Wang's departure came a week after the firm reported a $424 million loss for the fiscal year ending in June. Wang Lab's woes stem from its failure to shift from minicomputers to industry-standard personal computers...
...economic penalties of the law can squeeze some defendants into plea- bargain agreements. Threatened by a RICO indictment and its sweeping forfeitures, the investment-banking firm of Drexel Burnham Lambert pleaded guilty to lesser charges last year and was hit with $650 million in penalties. Equally troubling to RICO targets is the law's ability to seize temporarily the assets of an accused before a trial begins -- even funds that would be used to pay a defense attorney. "Suddenly, there are a lot of born-again civil libertarians on Wall Street," says Michael Waldman, legislative director for Public Citizen Congress...
...trade deficits. Despite a dramatic slowdown in growth, they have been looking on the economy's bright side. "Investors now believe the Federal Reserve Board can deliver a 'soft landing' of subdued inflation by year-end, without a recession," says Byron Wien, chief domestic strategist for the investment firm Morgan Stanley, who since May has been predicting a new all-time high on the Dow. Elaine Garzarelli, a portfolio manager at Shearson Lehman Hutton, who was one of the few forecasters to warn of the crash in 1987, believes the Dow will top 3000 before the end of the year...
They tell a story about some guy named Ralph who demanded that his Wall Street firm hire more "good minority people...
Through a university exchange scheme, she is assigned to spend one day a week as the "shadow" of Vic Wilcox, the managing director of a Rummidge engineering firm and a man who doesn't know--or care--that such a thing as literary theory exists...