Word: sank
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...affiliates jumped ship, weakening the network's local-station base. And building a new series into a hit became more difficult because the networks use sports to flog their other shows endlessly. Without a football lead-in, 60 Minutes' audience share shrank from 30% to 22%. CBS eventually sank to third place. With football, the network, which owns stations in seven AFC markets, insisted it would break even by selling more...
...have the hill to themselves to continue the annual family downhill football game. The ski patrol was not keen on this bit of Kennedy showboating and had warned that it was a dangerous sport--skiing fast and close, without poles, tossing a football through improvised goals as the sun sank and the shadows stretched and the slopes turned gray and icy. Aspen has had less snow than normal this year, 24 inches of hard-packed base on mid-mountain. Members of the patrol had been warning the Kennedys off the game all week; the night before the accident, a senior...
There was panic selling in the streets of Indonesia Thursday as international officials reacted to the possibility that Indonesia may default on its IMF loans. The rupiah lost 26 percent of its value in one day and the Jakarta Composite sank 19 percent at one point before recovering modestly to end the day down 11.95 percent...
...that the company would be profitable next year, said some facilities would be closed and an undisclosed number of workers would be laid off. But Wall Street, stung by estimates that the company would put up a solid 14-cents-per-share gain, was not amused, and Netscape stock sank to $18 5/16 in early afternoon trading. Company stock has lost over half its value since early October on fears that it will be the big loser in its browser war with Microsoft. With Microsoft's Internet Explorer gaining popularity, the investors just might be right. Of course, a federal...
...Seoul's Korea Composite Stock Price index racked up its largest single-day percentage gain, jumping 25.98 points, or about 7 percent, to close at 385.80. Rallies on Saturday (yes, this is a market that trades on Saturday) and Monday more than undid Friday's plunge, when the Composite sank 7 percent to a 10-year low. What caused the turnaround? The catalyst seems to have been a series of statements over the weekend by South Korean leaders, who vowed to "fully implement the agreement reached with the IMF" - even as students marched in Seoul to protest the "humiliating" bailout...