Word: plummets
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Dates: during 1960-1969
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...institutional customers. On June 24, the company publicly disclosed that its profits for the six months through May 31 had fallen to a mere 12? a share, and predicted that its earnings for the entire year would be paltry at best. The bad news caused Douglas shares to plummet in a week from 90½ to 64⅜ on the New York Stock Exchange. Forewarned by Merrill Lynch, said the SEC staff, the big traders lightened their holdings in time to save an estimated...
...like birds with golden wings the measured bell notes fly outward and upward, passing with clear and faint regret the ultimate slender rush of cross and spire; and how like the plummet lark the echo, singing, falls...
...economy has a setback, most of Western Europe suffers because of the loss of German trade. Thus news that West Germany's economy is pulling out of its 18-month slump has sent ripples of optimism all over the Continent. The Common Market, which saw its members plummet to a record-low average growth of 2.5% in 1967, now predicts that 1968 will be a 5% year. And the 20-nation Organization for Economic Cooperation and Development, which only last month suggested that its West European members might make 4.5%, is now happily reconsidering that figure...
Voracious Demand. With the President's tax bill stalled in Congress, Wall Street is betting on a credit crisis. Already, the mere prospect has helped to depress the stock market (see following story), lift some interest rates to 46-year peaks and cause bond prices to plummet. On top of voracious corporate demand for funds, the federal deficit has forced the Treasury to borrow $16 billion since midyear (apart from replacement of maturing issues). The Government had to pay 5¼% interest for some of that money last month, its highest rate since June, 1921. Last week...
...face of it, the prospects for cooperation between Washington and Moscow have dimmed perceptibly since their hot-line harmony of two weeks ago. The Russians, having lost the better part of their $2 billion, decade-long military investment in the Moslem world, also saw their prestige plummet to an all-time low among the Arab states (see THE WORLD). Determined to recoup their psychological loss at least, Soviet Premier Aleksei Kosygin and his colleagues at this week's emergency meeting of the U.N. General Assembly faced the difficult task of inveighing against a fait accompli-Israel's shattering...