Word: kroger
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Dates: during 1990-1999
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Mutual funds own 30% of all junk bonds. Funds that promise "high income" or "high yield" are generally the ones that invest heavily in junk. Most prudent fund managers have been switching during the past year to more creditworthy issues, including Kroger and Fort Howard Paper. Yet the depressed market value of most junk securities means that fund investors who sell out now "will take some pretty substantial losses," according to Brian Ternoey, an employee-benefits consultant in Princeton, N.J., who advises clients to wait for the market to rebound...
Borrowing an idea from British police who noted a decline in shoplifting when life-size cutouts of bobbies were placed in stores, three Kroger food stores in Dallas have installed "scarecrooks" in high-theft areas on their shopping floors. Under each 6-ft. cardboard cutout is the slogan SHOPLIFTING IS A CRIME. Though no would-be thief is likely to mistake the cardboard coppers for the real thing, the cutouts help convey the message that pilfering is illegal. Says Kroger security director Charlie Tyner, "It's a startling way to say the same old thing...