Word: sales
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...name on a building in return for a donation, and selling an academic post, a line should be drawn. President Bok has correctly seen that Dean Allison's proposed deal is unacceptable. Now he should go further and make clear to administrators just how much of Harvard is for sale...
...also increased the amount of cash, or margin, that speculators must put on deposit. Congressional investigators are talking about additional safeguards to limit the number of futures contracts a broker could execute in a day. But at hearings last week in Washington, Merc President William Brodsky argued that the sale of index futures had a stabilizing effect on Black Monday. Without that escape valve, Brodsky suggested, the Dow would have fallen another 100 points...
...intended as a highlight of Prime Minister Margaret Thatcher's ambitious program to put Britain's vast array of state-owned businesses back into private hands. But when some 2.2 billion government shares in British Petroleum -- about 31.5% of the company's equity -- came up for sale last week, the result was an enormous bust. In the wake of Black Monday, BP shares already on the market were trading well below the $5.68-a-share issue price of the new offering, and investors therefore shunned the new $12.2 billion flotation. Underwriters were stuck with millions of unsold shares, and could...
...France the conservative government of Premier Jacques Chirac took a different kind of stock-market beating. Only two days before Black Monday, the government had successfully completed the $2.6 billion sale of state-owned Compagnie Financiere de Suez, a financial combine. Last week Suez's debut on the battered Paris Bourse was suddenly postponed. Reason: in the continuing stock slump, shareholders would be hit by immediate losses. To cushion the blow, the 1.6 million small investors who bought Suez shares may eventually be allowed to pay in installments...
...crash, however, has inspired considerable skepticism about the virtues of free-market forces. Last week opinion polls showed that a majority of the French people favored a slowdown in the sell-off. Depressed market conditions forced the Premier to postpone the sale of the government's majority share of the defense and electronics group Matra, a $23.5 million enterprise. Meanwhile, the West German government appeared poised to put off the sale of its remaining 16% stake in auto giant Volkswagen (1986 revenues: $29.3 billion), despite earlier pledges of a sale this year...