Word: stocke
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Dates: during 1990-1999
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Here's what we learned in a week when oil prices hit a 10-year low and the stock market broke five records in five days and a woman accused the President of an unwelcome sexual advance: Americans complain that some of the biggest problems facing the country are crime, politicians and the lack of moral values. And yet the most popular leader in the country is a politician who half of us believe, according to a new TIME/CNN poll, "lacks the proper moral character to be President." We'll tolerate extraordinary flaws in a successful President and leave almost...
...million American men estimated to suffer impotence at some point in their lives, the pill is a godsend, as it should be for Pfizer: analysts estimate Viagra's sales could reach $500 million by 2003. Pfizer's stock, meanwhile, was, um, rising slowly on the news, reaching 95 7/16 at midday...
...Barrett, it was announced this morning. Grove, who is battling prostate cancer, will stay on as chairman. "I would like to focus more of my time on broad strategic issues concerning the industry and Intel," he said in a statement. Wall Street was unfazed by the news as Intel stock rose $1 in midday trading, and the company said it would increase its stock buyback plan by 100 million shares to 129.8 million...
...Intel is at a crossroads right now,? says TIME Business correspondent Daniel Kadlec. ?Their stock is down; their margins are down and competition from cheaper chip manufacturers is up. It?s not a bad time to turn over the reins, because the company is having to adapt itself to new business environment...
...talking bread lines here. There are still jobs to be had--at exorbitant pay levels. At the end of last year securities-industry employment stood at a record 286,000. But that's up only 10% from 10 years ago. In the same period New York Stock Exchange trading volume (a proxy for how much business Wall Street does) increased 178%, and the industry last year posted record pretax profits of $12.2 billion. More work. More profit. Relatively few people. Sound familiar? Wall Street hadn't been totally left out. Its firms have been merging practically forever, but seldom...