Word: priced
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Dates: during 1980-1989
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Just in time to hit motorists at the start of the peak driving season, gasoline prices have risen about 25% in the past two months, to a U.S. average of $1.25 per gal. The pain at the pump is largely the result of higher crude- oil prices, and no relief is in sight. Members of the Organization of Petroleum Exporting Countries, whose squabbling has sometimes led to price wars, were relatively cooperative with one another when they met last week in Vienna. Because of strong worldwide demand for OPEC's crude, the group decided that it could boost its self...
...which was 35% more than Time's stock price before the offer, exploited the dissatisfactions of many on Wall Street who had long cherished the notion that Time was worth more in pieces than whole. Since the merger agreement was reached on March 3, some investors had complained that the terms provided Time shareholders with no immediate financial reward. Reason: the agreement called for a debt-free swap of 0.465 shares of Time stock for each Warner share...
...Paramount would have to borrow some $10 billion to acquire Time at the offering price, which Davis admitted at an analysts' meeting would mean no earnings for at least two years and would be a long-term drain on operations. At the very least, the debt would impose the kind of cost cutting that has characterized Laurence Tisch's management of CBS. At worst, it could force the sale of certain assets to meet the bankers' bills. Indeed, almost any of Time's defensive strategies would require heavy borrowing that would sap profits from whatever entity results when the dust...
...chip futures market would allow manufacturers to buy or sell contracts for DRAM-chip delivery several months down the line, locking in a guaranteed price. Yet skeptics point out that microchips vary much more widely in quality and type than bushels of corn and that buyers who purchase their chips on the market rather than directly from suppliers will have far less influence over the manufacturing process...
After years of tottering on the brink of economic crisis, Argentina started sliding into chaos last week. In food riots that erupted in Rosario, Cordoba, Buenos Aires and other major cities, more than 2,000 people were arrested and at least 15 killed. The primary trigger: hyperinflationary price increases that have left even middle-class citizens unable to afford food and other necessities. Inflation for the month of May reached 75%, and is accelerating at a pace that would amount to more than 80,000% for the year. Said David Feldman, news director of Radio Rosario: "It's not just...