Word: giant
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Dates: during 1990-1999
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...lucky timing, Fidelity Investments, the mutual-fund giant, last week rolled out a promotional and educational campaign starring Peter Lynch, its legendary fund manager. Lynch was troubled, he told TIME, that "in the first half of this year, the S&P 500 was up 15%, but [corporate] profits were down." He also expressed relief that the correction came now, rather than having the market drop to 7500 "after it's gone...
...below their average price over the previous 12 months. Note: that's not from their high point, but from their average price, a proxy for the price most people paid for the stock over that period. On the list are plenty of big, widely held companies, including oil-services giant Halliburton, tractor company Deere, Northwest Airlines and food-and-tobacco conglomerate RJR Nabisco...
...wonder that insurance giant AIG recently bought variable-annuity titan SunAmerica. For some reason, consumers are buying record numbers of these instruments, which are essentially tax-deferred mutual funds wrapped around life insurance. Annuities usually carry high fees and taxes. Our advice: stick to options like 401(k)s and IRAs...
...better, but workers aren't reaping many benefits. Instead, more employees are getting the ax because of the record number of billion-dollar mergers, according to a new report. In the past four months 13% of layoffs were merger related, and cost cutting hasn't even begun at giant proposed combinations like SBC and Ameritech. So it may be time to dust off that resume...
...what critics and retailers are predicting will be a big, bold career. His sexy-but-cerebral aesthetic is catching on with customers outside his traditionally gay following. Already the plucky designs by this graduate of Harvard and the Fashion Institute of Technology have caught the eye of Italian manufacturing giant Genny Holdings SpA, which snapped up the 34-year-old Bartlett for a licensing deal last year after he had been in business on his own for just six years. Now Genny has named Bartlett as the creative director for its Byblos label, unseating more experienced but less flamboyant designer...