Word: ponts
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...called flight to quality kept the blue-chip Dow Jones industrial average rising last week, as investors bought shares of such traditional giants as AT&T, General Electric and Du Pont. Investors were picking stocks based on old-fashioned criteria like healthy profits and steady growth. The Dow went up 20.67 points during the week, to close...
...billion), is now the world's largest distillery. Chief Executive Edgar Bronfman Sr. shuttles regularly between the firm's Montreal headquarters and the New York offices of its U.S. subsidiary. An American citizen since 1959, Bronfman has engineered Seagram's purchase of 22.5% of the outstanding shares of Du Pont, the huge oil-and-chemicals company (1985 sales: $29.5 billion). Seagram now owns more of that firm's stock than the Du Pont family does. Says Bronfman: "It's the size of the U.S. market that lures Canadian investors here...
...race is on. No one wants to be left behind," says Ben Zour, senior analyst for strategic information at Eastman Kodak. The list of contenders in the research-and-development scramble reads like a Who's Who of U.S. high tech: Du Pont, IBM, 3M, Texas Instruments, NCR and GTE, among many others. AT&T is a giant in the field; its Bell Laboratories, with a research budget of some $2 billion annually, now conducts more research in optics than in its original core pursuit of electronics...
...attract attention, Du Pont must distinguish himself from the better- known competition with arresting ideas. To stop the spread of narcotics, he argues, all public-school teenage students should be compelled to take drug tests. (Du Pont did not go to public school.) The present welfare system is a failure and should be largely abolished. Government should offer extensive vocational training and temporary public jobs paying 90% of the minimum wage. All agricultural subsidies must be phased out over five years, after which market forces would govern farming. Any of these proposals would detonate controversy once the campaign is fully...
While Robertson and Du Pont were making their announcements last week, Bush was back in Michigan, where he thanked supporters for overcoming challenges by Robertson and Jack Kemp last month in the first stage of the state's convoluted delegate-selection process. But the race is now entering a low- profile phase. Kemp, bumped to third place in Michigan by Robertson, is running for re-election to Congress. Nevada Senator Paul Laxalt, after dropping broad hints about 1988, appears to be having second thoughts. Senate Majority Leader Bob Dole has concentrated on the hectic legislative session and campaigning for colleagues...