Word: morgans
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Dates: during 1980-1989
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...market's fall. "We're going underwater!" shouts Trader John Sesko as he pops Tic Tac candies into his dry mouth. "55,000 Pepsis to sell!" barks one trader. "60,000 GM to sell!" yells another. The cries do not stop. "Boston wants to sell 30,000 J.P. Morgan!" Long before lunchtime, a trader shouts, "Hamburger to go! Hamburger to go in six figures!" He wants to peddle 100,000 shares of McDonald...
...market share, have postponed boosting their U.S. prices to compensate for the rise of their currencies against the dollar, even if it meant cutting into their profit margins. "The average foreign producer is probably selling at a loss right now," says Stephen Roach, a senior economist at the Morgan Stanley investment firm. Another factor is a reluctance among many U.S. businesses, which feel content with America as their main marketplace, to take advantage of the falling dollar to expand their sales abroad. Says Vladimir Pucik, assistant professor of international business at the University of Michigan: "What many American companies...
...Kathryn Jackson Fallon, Mary McC. Fernandez, Cassie T. Furgurson, John E. Gallagher, Nancy R. Gibbs, Lois Gilman, Edward M. Gomez, Christine Gorman, Rodman Griffin, D. Blake Hallanan, Janice M. Horowitz, Jeanette Isaac, Carol A. Johmann, Sinting Lai, Daniel S. Levy, JoAnn Lum, Katherine Mihok, Emily Mitchell, Lawrence Mondi, Christine Morgan, Adrianne Jucius Navon, Jeannie Park, Michael Quinn, Theodore P. Roth, Megan Rutherford, Andrea Sachs, David Seideman, David E. Thigpen, Sidney Urquhart, Jane Van Tassel, Leslie Whitaker, Linda Williams, Linda Young...
...Jones industrial average plummeted more than 100 points for the first time in history, dropping 108.36. In just one day, the value of 5,000 common U.S. stocks slid $145 billion, or 4.9%. "We're all stunned. Everything happened so fast," declared Byron Wien, portfolio strategist for the Morgan Stanley investment firm. Wall Street's computer-trading mechanisms, which brought so much efficiency to a rising market, were working just as efficiently in reverse. During the week the Dow fell 235.48 points, a record for a single week, closing at 2246.73. Since Aug. 25, when the Dow peaked...
...Kathryn Jackson Fallon, Mary McC. Fernandez, Cassie T. Furgurson, John E. Gallagher, Nancy R. Gibbs, Lois Gilman, Edward M. Gomez, Christine Gorman, Rodman Griffin, D. Blake Hallanan, Janice M. Horowitz, Jeanette Isaac, Carol A. Johmann, Sinting Lai, Daniel S. Levy, JoAnn Lum, Katherine Mihok, Emily Mitchell, Lawrence Mondi, Christine Morgan, Adrianne Jucius Navon, Jeannie Park, Michael Quinn, Theodore P. Roth, Megan Rutherford, Andrea Sachs, David Seideman, David E. Thigpen, Sidney Urquhart, Jane Van Tassel, Leslie Whitaker, Linda Williams, Linda Young...