Word: investments
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Dates: during 1980-1989
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...shareholders who want to extend their investment reach beyond the basic telephone business have another option. Last week Prudential-Bache formed a new mutual fund that allows them to trade in their stock for shares in a new telecommunications fund. The fund plans to sell off 90% of the phone company shares and invest the proceeds in such businesses as satellite communications...
This dual challenge to gain both credibility and attention, members agree, makes hard work the crucial ingredient. It is needed for both widespread student support and devoted membership willing to invest time week after week in doing what has never been done at Harvard before--achieve a lasting, viable means for students to be viewed as partners in the establishment of the College's policies and priorities...
...flow, the new tops, skirts and dresses are daring, distinctive and sometimes a bit naughty. Observes Kalman Ruttenstein, a vice president at Bloomingdale's, Manhattan's ultra-chic department store: "Often in tough economic times, designers lose their sense of whimsy and feel that women prefer to invest in serious clothing. But this season the clothes are perky and upbeat." Perry Ellis is showing a line of cotton and linen boat-neck tops that can easily slip down on one side to uncover a shoulder, as Jennifer Beals' sweatshirt did in the movie Flashdance...
Thomas Hicks has abandoned his commercial photography business in Portland, Ore., to devote himself to trading them. Webb Williams, Exxon Corp.'s trust fund manager, spends an increasing portion of his time investing in them for his company. So does Charles Stevenson, who operates his own New York-based money management firm. Venturesome traders across the U.S. are turning an esoteric-sounding new way of investing money into one of the hottest and fastest-growing ways to cash in on the bull market: stock index futures contracts. They are akin to commodities contracts, but on nothing so tangible...
...addition, Soviet factory managers will have a greater say in giving bonuses and pay hikes to efficient workers and imaginative engineers. Reflecting a priority that Andropov has repeatedly stressed, they will be able to invest more funds in new technology. In a speech to the Central Committee last month, the Soviet leader pointedly criticized plant officials who were reluctant to modernize machinery because they feared that it would cause them to miss their production quotas and force them to dismiss workers...