Word: moving
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Dates: during 1990-1999
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...communications conglomerate Rockwell International took the drastic step of spinning off its semiconductor business into a separate company. It is a giant, with sales of roughly $1.3 billion, or nearly a fifth of Rockwell's total 1998 volume of $6.8 billion. But Rockwell CEO Don Davis insists that the move was necessary to allow Rockwell to concentrate more on its core businesses, principally factory automation and aviation controls. (A possible result of divided attention: Rockwell in 1998 overestimated demand for new high-speed computer modems and got caught with what turned out to be outdated products.) Why this particular target...
...stock and bond traders torture themselves with every now and then, especially when times are good. In fact, inflation is likely to revive only slightly, if at all. The Fed may not tighten at all, and if it does, it will most likely be with a small, one-shot move that's already been discounted. Interest rates a year from now may well be lower than at present...
...Spears, Benzak, Salomon & Farrell, an investment firm. But he believes the dagger is well sheathed: "Interest rates have probably about run their course." Abby Joseph Cohen, who chairs the investment policy committee at Goldman Sachs, is more emphatic. Says she: "I think yields on long-term bonds cannot move much higher and stay there on a sustained basis...
...wonderful vote of confidence and a warm gesture of colleagueship from the Business School as we move Radcliffe into the midst of Harvard," said Radcliffe President Linda S. Wilson...
Greenspan has been known to move markets with passing comments on the economy, but during his half-hour address, he steered clear of making predictions or giving counsel...