Word: samuels
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...Staff writer Samuel C. Scott can be reached at sscott@fas.harvard.edu...
...Staff writer Samuel C. Scott can be reached at sscott@fas.harvard.edu...
...troubles of financial giant BankAmerica were hardly a secret. A red tide of loan losses has swelled over the past four years, and Chairman Samuel Armacost last month forecast little or no profit for the second quarter. Still, the financial community was stunned when BankAmerica last week announced a net loss of $338 million for that period. It was the second-worst quarterly deficit in U.S. banking history (after Continental Illinois' $1.1 billion loss in the second quarter...
BRITAIN. Despite relatively high interest rates, the British economy is showing some symptoms of a boom, according to Samuel Brittan. Not counting North Sea oil operations, profits have nearly doubled in the past four years. That is due in part to increased investment. The British economist foresees growth this year reaching 3.5%, but attributes a full percent of it to a temporary boost from the ending of the miners' strike. He expects the expansion to taper off to 2.25% next year. Brittan noted that the slowdown in the U.S. has not seriously affected West European growth so far because...
...Staff writer Samuel C. Scott can be reached at sscott@fas.harvard.edu...