Word: investors
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Dates: during 2000-2009
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...anyone who says his eyes have never drooped in the first act of an August Wilson play probably isn't being honest), but build to thrilling, sometimes violent, often otherworldly, climaxes. And although the last one, Gem of the Ocean, almost didn't make it to Broadway (after an investor pulled out, producer Carol Shorenstein Hays, who had backed Fences, put in $1 million to save it), they have drawn black theatergoers in droves to a street that is still known, without irony, as the Great White...
...biotech companies' new emphasis on marketing has revived Wall Street's enthusiasm for their stocks. Genentech has risen from 34 to 49 since January, while Cetus has gone from less than 9 to nearly 16. Says Peter Drake, a biotechnology expert at the Kidder Peabody investment firm: "From an investor's standpoint, the industry is at a breakout point...
...often find it easier to make money than invest it. Nonetheless, Kareem Abdul-Jabbar, 38, the basketball superstar for the Los Angeles Lakers, hopes to become a savvy financier. He is now a member of a partnership that includes eight current and former basketball players. Among Abdul-Jabbar's investor mates are Ralph Sampson of the Houston Rockets and Terry Cummings of the Milwaukee Bucks. Their first investment was the $1 million Redmont Hotel in Birmingham, which they are spending nearly $5 million to remodel. A $22 million Los Angeles health club is under construction. The group is also negotiating...
...regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish (not to mention Sensex and the City). Indian business publications pile on with intoxicating headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...
...bought New York City's Morgan for $10.4 billion and later adopted the Morgan name, Purcell became top dog. Morgan's John Mack became the No. 2. That didn't sit well with Morganites, but this was near the zenith of day trading and the rise of the individual investor. The blue bloods at Morgan needed an Everyman presence, and Dean Witter (once owned by Sears) fit the bill. They caved to Purcell's terms. Besides, on the Morgan side "it was an article of faith that Mack would take over within 12 months," says Benedetto...