Word: sank
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...financial markets are so intertwined that when one itches, the others scratch. As mounting concerns over Japan's reeling economy sent Tokyo's stock exchanges into a dizzying vortex last week, markets from Amsterdam to Zurich did some rocking and rolling of their own. Tokyo's Nikkei average sank to 15,498 points, its lowest level in more than six years, while the London stock exchange fell 2.3% and Frankfurt shares dropped 5.4%. New York's Big Board sank 46 points, or 1.4%, in a week of generally bearish trading...
...beautiful show of Guercino drawings on loan from the Royal Collection in Windsor Castle that opened this month at the Drawing Center in New York City reminds you, moreover, how labile reputation can be. Guercino was one of those 17th century Italian artists who sank under the weight of an earlier age's revival. Critics and collectors at the end of the 19th century were so obsessed with the study and acquisition of Renaissance art that they had little time for the seicento; for them, Italian genius lay in "primitive" gold-ground altarpieces and 15th and 16th century frescoes. Consequently...
Michael Jordan's 35-point scoring rampage against Portland in the first half of Game 1 of the N.B.A. finals was a record total. The ballistic Bull sank 14 of 21 from the field, including six from 30 feet or more, raining them down from everywhere but the balcony...
...difficult. For instance, were Household International executives Michael DeLuca and Donald Lohmann just lucky when they elected to unload about three-quarters of their holdings at between 53 and 55 a share only days before the big Chicago-area financial concern revealed problem loans? Household's stock sank 11 points in the aftermath of the March 26 announcement. Neither executive is accused of wrongdoing...
Once upon a time, in the heyday of junk bonds and booming real estate markets, big money developers sank fortunes into gleaming urban skyscrapers that stood as proud tributes to an age of avarice. Today a dismal economy has left many of these office towers half full and their developers slumping toward insolvency. Chief among them is Olympia & York, which made a grim return engagement in bankruptcy court last week, this time in Britain. The Canadian real estate giant sought protection from creditors of its London Canary Wharf project. No expense had been spared in this spectacular 71-acre building...