Word: stocke
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Dates: during 1990-1999
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Still, the news about Viagra is mostly happy. It works for many men, and Pfizer, the manufacturer, estimates that 5 million prescriptions have been written. The company's stock has risen from 75 11/16 in January to 116 as of last Friday (slightly down from its peak of 121 3/4). Sales may get a boost when a new ad campaign begins next year featuring that charismatic pitchman Bob Dole...
WASHINGTON: The U.S. economy is back on its own for a while. After a frenzied (for Alan Greenspan, anyway) string of three straight interest-rate cuts, the Federal Reserve took an expected pass on Tuesday, courtesy of the American consumer. Emboldened by their ever-fattening stock portfolios, consumers have not only carried their economy through a tenuous autumn, they have actually set off some alarms in the Fed's head about an old foe: inflation...
...still have time to sell losing or winning stocks in order to pair gains with losses, or to realize up to $3,000 of losses to set against ordinary income. Consider swapping a loser stock fund with a similar-style fund to stay invested but realize the loss. Finally, if you turned 70 before June 30, you must take an IRA or 401(k) distribution now--or pay a 50% surcharge. You can get relief, but the process is more painful than battling rabid shoppers on Christmas...
CONVICTED. DARLENE GILLESPIE, 57, former Mouseketeer; of securities fraud; in Los Angeles. Gillespie was accused of writing bad checks in a scheme to help a boyfriend buy $827,000 worth of stock. She faces up to 90 years in prison...
Watch out, online brokerages: the quickest, cheapest way to invest on the Net may soon be by trading with companies directly. In the next few weeks brand names like Home Depot and Compaq, with the help of a firm called Stockpower, will start selling stock directly from their websites, offering cut-rate commissions and low minimum purchases. And for more info on the old-fashioned form of low-cost, direct stock buying, dividend-reinvestment plans, check out www.dripcentral.com...