Word: reinvest
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...college will advise its financial managers to sell the stocks, worth 6.4 percent of Wheaton's endowment, and reinvest the money so that the school does not suffer a net loss in its portfolio, said Vice President of Finance and Operations Donald Scott. For sale are stocks in seven or eight companies, including DuPont, Hewlett-Packard, ControlData, and Tenneco, Scott said...
...clauses in the new law that affect the sale of state and local bonds. The first dilutes the attractiveness of the securities by limiting the traditional tax exemption on interest from so-called general obligation bonds. The second radically restricts the ability of governments to increase their revenues by reinvesting funds raised from bonds. Previously, in a process known as arbitrage, state or city governments could issue bonds at a given interest rate, reinvest the proceeds at a higher rate of return and pocket the difference. Under the new law, state and local governments would have to turn most...
More, rather than less, openness in both the U.S. and Japan would also help. Japan's need to reinvest its surplus cash is one impetus driving the country ever closer to the U.S. Another is Washington's need for Japanese funds to finance the budget deficit. Notes Goldman Sachs' Hormats: "Japan and the U.S. are locked in an embrace from which there is no escape. It may create some discomfort, but there is no longer...
...projects emphasize self-help, according to Chaudhuri. He says ODN's philosophy is to minimize the developers' role and encourage communities to carry out projects autonomously. The ODN chapter merely provides the money. "Hopefully they'll be able to reinvest the money and the project will become self-generating," says Lucy Perkins, a member of ODN's full-time staff...
Harvard University Treasurer Roderick MacDougall '51 said yesterday that he did not know whether Harvard would reinvest in the Exxon Corporation...