Word: maker
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Penny stocks--those that sell for under $5 over-the-counter--are the slot machines of the equity market. Care to risk a couple of quarters? It's tempting, with the established exchanges now brimming with household names like Corning in the penny-stock range. The fiber-optic-equipment maker was once a $100 stock. Now it trades near a buck fifty. Wireless-phone company Sprint is at $9.25; computer retailer Gateway, $3.58; Sun Microsystems, $3.66. How can you lose? But as anyone who has been cleaned out by a 25[cents] slot can tell you, this is risky territory...
Though by far the most visible, the WorldCom duo wasn't the only prey: telecom firm Qwest, already under investigation by the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), is close to restating the past three years of earnings by more than $1 billion; apparel maker Warnaco is now in the SEC's cross hairs; and prosecutors were driving a hard bargain in plea negotiations with ImClone's ex-CEO Samuel Waksal, insisting that he accept at least seven years in prison on insider-trading charges and declining to spare his family members from prosecution...
...offered every conceivable promotion to attract fans. Indeed, the showmanship is a throwback to the days of Bill Veeck, the legendary, maverick big-league owner who once sent a midget to bat. The St. Paul Saints, owned by Veeck's son Mike, gave out inflatable bats, sponsored by the maker of Viagra, to every man over 21. In Nashville, Tenn., 15 nuns opened a game with the national anthem and came back during the 7th-inning stretch to perform the Macarena...
...handouts through its lucrative defense contracts, but critics say they aren't sufficient to level the playing field, and U.S. officials occasionally threaten to punish Airbus. The political equation may be changing, though. "U.S. companies are thrilled to be a part of the A380," says Mark Sullivan of engine maker Pratt & Whitney...
...their strength. One of my students doesn’t understand that sports aren’t everything—that physical strength can only take you so far. And dress—brands, labels, fit, color—become a matter of worry or consuming pride, a friendship maker or breaker...