Word: profit
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Dates: during 1980-1989
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...National Semiconductor, which makes silicon chips for computers, has increased 13.7%, to 13 1/2. Investors have scored even bigger gains with stocks in companies that produce machine tools, which climbed 21% in January, and shares in hospital-management firms, up 17%. Not surprisingly, brokerage houses stand to profit handsomely from the running of the bulls. Stock in Merrill Lynch has jumped 25.5% in 1985, to 33 7/8, while Paine Webber has surged...
Still, some investors remain skeptical. Says Tyrone Po, 25, a Manhattan bank employee: "I'm not convinced it's time to buy yet. The market is too fickle. I don't trust it." Po is waiting for an upswing in pharmaceutical stocks so that he can unload at a profit the ones he already owns. Many brokers observe that small investors are savvier than they used to be. Glorian Donegan of Moraga, near Oakland, Calif., trades stock tips with her colleagues in a 2,000-member investment club. She regularly visits a nearby business library to read investment magazines...
...renowned for imposing efficiency on giant operations. A graduate of Paris' Ecole Polytechnique, the prestigious engineering school, he was a founder of the French nuclear industry. At Pechiney since 1982, Besse launched a reorganization that took the conglomerate from a $484 million loss to a $53 million profit last year. "Besse is a great business manager," exults one government official. "He has always succeeded at everything." Now at Renault, Besse may meet the ultimate test of his business acumen...
...start of the '80s. Increasingly prosperous farmers borrowed heavily to buy additional acreage and new equipment. "In the '70s, you couldn't do anything wrong in agriculture," recalls Cliff Vrieze, 39, a hog farmer in Trimont, Minn. "You could do almost anything and make a profit...
Social-issue movies have always been good for a network's prestige; now they seem to be good for its profit-and-loss sheet as well. Advertisers who once shied away from controversial or downbeat programs (like ABC's nuclear-war movie The Day After) are increasingly willing, even eager, to sponsor them. Moreover, in the face of growing competition from cable, social-issue dramas take on a new programming significance. Explains Perry Lafferty, a senior vice president at NBC: "How do the networks fight back against cable? We can't do it by putting on more violence...