Word: investers
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Poland's political reconciliation with the West had picked up speed a week before, when Poland's General Jaruzelski visited Italy and was received with full diplomatic honors. Italian industrialists pledged to invest several billion dollars during the next several years...
...just like retail stores, banks are offering a trade-off that they believe most customers will accept: more products in exchange for less personal service. Today's depositors with as little as $500 to invest will find that banks give them more possibilities than ever before. Banks now offer an array of money-management accounts and even discount stock-brokerage service. Banks have vastly improved upon old-time bankers' hours of 9 a.m. to 3 p.m. New York's Citibank boasts that 80% of its depositors use its 24-hour automatic-teller machines and that more than half...
According to the Oberlin investment policy, the college will not invest in any companies that provide strategic products or services to the South African police or military. In addition, Oberlin will not invest in companies that do not sign and comply with the Sullivan Principles...
...Administration's reluctance to offer companies protection against takeovers may be tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets...
...consumer price increases, and imposed a tax on coffee, the country's main export, to pay for the war. With an average per capita income of $535, El Salvador now faces as much as 50% unemployment, up to 40% inflation and a flight of capital as wary businessmen invest overseas. To make matters worse, half a million people have been forced from their homes by the war. The earthquake, which killed as many as 1,500 people, left more than 100,000 homeless and damaged 70% of all government buildings in the capital, slowing official business. Says Communications Minister Julio...