Word: marketed
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Dates: during 1970-1979
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...this bad time for auto sales, Chrysler has been hit harder than its competitors because it tends to market relatively more big cars, vans, trucks and recreational vehicles. The company's unit sales are off 16.9% for the year so far, vs. 5.3% for General Motors and 16.2% for Ford. At its present pace, Chrysler would need more than 200 days to sell off the substantial inventories of its big New Yorker and St. Regis models. In May lacocca announced the closing of the second plant in 30 days, the large factory in Hamtramck, Mich...
...most investors the stock market is the Dow Jones industrial average, that index of 30 stocks whose price fluctuations are a barometer of good and bad times. But complaints are common that the Dow is not really a representative market measure. In hopes of improving it, the Wall Street Journal, which selects the stocks that make up the average, has revised it for the first time in 20 years. Result: the Dow now reflects almost 25% of the market value of all 1,566 New York Stock Exchange listings, vs. 19.3% before...
This was accomplished by replacing two of the stodgier performers, Chrysler and Esmark (formerly Swift & Co., the meat packer), with glamorous Merck & Co. and IBM, which is the market's most popular growth stock. Their inclusion reflects the rising importance of technology and drug companies in the economy and stands to make the Dow somewhat more volatile. Both companies' shares have risen substantially in value over the past two decades (Merck has more than tripled, IBM has quintupled), and relatively high-priced stocks usually have sharper swing than do lower-priced ones. Had IBM and Merck replaced Chrysler...
...Lloyd's of London, risk has always meant opportunity. The celebrated market of hundreds of risk-sharing insurance syndicates prides itself on being the first to offer coverage on the new, the colossal, the bizarre. But as technology grows ever more complex, the risks keep rising, and each year the amounts that Lloyd's underwriters pay out on litigious losses, from oil tanker disasters to Mafia-set arson jobs, keep swelling. Yet this year is one that even Lloyd's risk-hardened underwriters are not likely to forget...
Last January the unexpected happened: IBM announced its new 4300 series of computers, which are faster and more powerful than anything else on the market-and cost 30% less to lease. Immediately, some firms began switching to the new computers and canceling their leases of other models. Lloyd's underwriters stopped issuing their policy, as claims began to flow in from leasing companies. Last month one of them, Federal Leasing Inc. of McLean, Va., filed a $627 million damage suit against the London insurance group. Itel, though badly shaken by the new IBM machines, is more patient. Says...