Word: investors
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Dates: during 1980-1989
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...such fees directly with distributors. Also drawing fire is the industry's growing "vertical integration": cable systems that have a financial interest in program services. The largest owner of cable systems, Tele-Communications, Inc., for example, is a part owner of the Turner Broadcasting System, as well as an investor in Black Entertainment Television, the Discovery Channel and several other cable networks. Time Inc., the parent of the second largest cable operator, American Television & Communications Corp., also has a piece of Turner's company and owns two of the largest pay-cable networks, HBO and Cinemax. Critics charge that cable...
...White House report delighted Chicago traders but angered many Wall Streeters and legislators. "The report represents a giant step backward for the American investor," said Representative Edward Markey of Massachusetts, chairman of the House Subcommittee on Telecommunications and Finance. "After being handed a game plan for reform by the Brady commission, the working group went into a two-month huddle, came out and punted...
...with action. When the dollar began tumbling in midweek, they quickly intervened in foreign exchange markets, buying up the U.S. currency. But the strategy only slowed the greenback's retreat, and if the trade picture keeps deteriorating, central bankers will find it increasingly difficult to prop up the dollar. Investor pressure to drive the currency down could prove overwhelming. Says Howard Wachtel, professor of economics at American University: "If the dollar really falls outside the band agreed to by the G-7 and direct intervention cannot restore it, then we risk a free fall of the dollar...
...remaining stores, filling them with attractive specialty departments. When Ward returned to profitability, achieving record earnings last year of $130 million, Mobil moved to get out of the retailing business while it could demand a good price. The buyer: none other than Bernard Brennan, who headed an investor group that agreed last month to pay $3.8 billion to take the company private...
...Kuwaitis insist that they will not seek a seat on BP's board. They initially promised not to raise their stake above 22.5%, but Fauad Jaffar, deputy chairman of KIO, seemed to waffle on that pledge during a recent television interview. Said he: "If the situation changes, obviously any investor must have an open mind...