Word: marketeers
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Dates: during 1970-1979
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...riyals. Some branches of European and American banks in Bahrain have attempted to float bond issues denominated in riyals in Europe. They got a stern bawling out from the Saudis for not asking permission to launch what the Saudis feared might be the beginning of a perilously unstable Euroriyal market...
...bank, meanwhile, has recovered about $2 million of its money and will probably sell the diamonds, valued on the retail market at $13 million. Result: the bank stands to make nearly a $5 million profit from the heist...
...been felt mostly by Washington bureaucrats. For the past seven years, the 41-year-old doctor has been buzzing around federal agencies, urging them to take action on health issues. These range from banning cancer-causing chemicals from food supplies and the workplace to removing hazardous drugs from the market and warning the public about the dangers of unnecessary surgery, excessive X rays and liquid protein diets...
...foreign business, which already accounts for 53% of its revenues ($248.5 million last year). Three-fourths of SSC&B's revenues ($113 million) came from abroad last year. Besides a solid roster of packaged-goods clients (Lever Bros, and American Brands, among others), SSC&B has a reputation for market-research savvy as well as a strong management. Says Interpublic Chairman Paul Foley: "In an acquisition like this, you look for the best professionals. That's the real asset you acquire...
...dollar's decline was accelerated by hard-headed investors, primarily corporations and banks, that have been hedging their positions in money markets. "The line between hedging and speculation is pretty thin," says Whitman. Yet she believes that corporate moneymen will rush to buy dollars as soon as they become convinced that the U.S will stick to a clear-cut economic policy. In Whitman's view, the Administration's dollar-revival plan consists of one Band-Aid and one magic bullet. The move to big intervention-selling gold, buying dollars-will barely patch a scratch. But the shift...