Word: sales
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Dates: during 1980-1989
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...easier to trade than traditional securities, stock- index futures seemed to the budding portfolio insurers like a hedge made in heaven. Rather than sell stocks when prices start to fall, clients could hold the stocks and sell stock-index futures instead. If the market kept falling, income from the sale of the futures would offset much of the losses in the underlying stocks. If the market reversed field and started back up, clients would take some loss on the futures, but the value of their stocks would be higher...
...those possessions are gone. Without admitting guilt, Bloom agreed to an SEC settlement in which he surrendered $8 million worth of paintings, real estate and other assets. Proceeds from their sale will be split among the investors who gave him money. Two days after the settlement, federal prosecutors in Manhattan charged him with mail fraud. If convicted, he could face up to five years in prison...
Tickets for the Beanpot Tournament are now on sale in the basement of Harvard Hall...
Tickets for the Beanpot Tournament will go on sale tomorrow at 9:00 a.m. in the Harvard Hall basement. Prices are not yet available. The Beanpot will take place in the Boston Garden on February...
...British composer of Evita and Cats has his biggest hit yet in Phantom, which opens Jan. 26 after an all- time- record advance sale. With his shows playing from Budapest to Tokyo, Lloyd Webber, 39, presides over a musical empire that brings him more than $1 million a month (though not always critical acceptance) and is making him a superstar. See SHOW BUSINESS...