Word: million
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Dates: during 1990-1999
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...soldiers burst through the underground bunker's door, safeties off, trigger fingers tense. If the purloined gold--some $23 million worth--is anywhere, it's likely to be here--heavily, nervously guarded...
DIED. FREDERICK P. ROSE, 75, builder and philanthropist; after a brief illness; in Rye, N.Y.; on Sept. 14. Enthusiastic and mercurial (he made origami animals out of foreign currency), Rose donated more than $95 million to such New York institutions as Lincoln Center, the Metropolitan Museum of Art and the Hayden Planetarium...
...sofa. "You want to sit on it, feel the fabric, see the color, make yourself comfortable for a while," says John Baugh, senior analyst at Wheat First Union in Richmond, Va. But venture capitalists don't seem to believe it. In six months they have poured $200 million into start-ups with names like Furniture.com and Living.com In July, Ethan Allen, the Danbury, Conn., firm that has furnished upper-middle-class American living rooms for 67 years, decided to buck conventional wisdom and open an online store this fall...
Maybe not, but plenty of other folks are. The number of online trading households in the U.S., which totaled 4.3 million in 1998, is expected to pass 20.3 million in 2003. And while the average online investor is 39, the average person investing with a traditional broker is 52. That age gap is what finally got to Merrill. Says Thomson: "We had to look around and ask, 'Are we going to inherit the children of our clients automatically, or are we going to have to put up our dukes and start fighting...
...person, and the branch customers wanted the convenience of trading online." So Schwab gave the customers what they wanted, uniting the businesses and dropping the cost of all trades to the online price--$29.95. Schwab took a hit in the short run, the price cut shaving about $125 million off its revenues in 1998. But the move has since paid off: Schwab's total number of accounts rose from 3 million to 6.3 million, and it's now the No. 1 online brokerage...