Word: sellers
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Dates: during 1970-1979
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...other recipients were: John Cheever, prominent novelist and author of the recent best-seller Falconer; Erik H. Erikson, professor of Human Development Emeritus; and Beumont Newhall '30, photographic historian...
...every buyer of an option, there is also a seller, usually a large institution or professional trader. Those sellers were hurt badly when the equity market boomed. Some traders sold options on stock they did not own, a perilous practice called "naked" option writing that they carried out in anticipation of a market fall. When the market exploded, they suffered hefty losses. Many of the option sellers further fueled the market surge when they rushed to buy the shares in order to be able to deliver them to their options clients. The Chicago Board Options Exchange indicated that professional traders...
Nestle, the biggest seller of infant products, with $300 million annually, remains to this day especially unapologetic for its practices. Nestle calls its own behavior in the Third World "exemplary." On July 4, 1977, the Infant Formula Action Coalition (INFACT) began promoting a boycott of all Nestle products, demanding that the dorporation discontinue promotion of its infant formula products. The boycott continues todau, and includes such products as Nestle's Quik, Nescafe, Nestle's Crunch, Nestea, Tasters' Choice, all Libby's products, all Stouffer's products, Wispride. Dee Park Mountain Spring Water and others. Harvard dining halls continue to serve...
Nonetheless, Malcom Purcell McLean, one of the lesser known captains of American business, has just anted up $111 million to buy U.S. Lines, whose 36 vessels ply worldwide cargo routes. The seller was Walter Kidde & Co., Inc., the New Jersey conglomerate, which now has a cargo full of cash...
...model-year, sales of compact and subcompact cars increased by 13%. The star performer at General Motors last month was the boxy Chevette; its sales were up 84%, compared with a year ago. At Ford, Mustang sales rose 14%, while the new Fairmont is a stellar seller. Ford's lacocca puts himself in the position of a price-conscious buyer who has been out of the market for a few years and then visits a showroom to do some tire kicking. Says he sympathetically, "It's a jolt to see what...