Word: stocked
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Dates: during 1980-1989
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What do computer memory chips, soybeans and pork bellies have in common? All are considered commodities, since their prices float freely, based on supply and demand. With that in mind, the Pacific Stock Exchange of San Francisco announced plans last week to create a futures market for DRAM (dynamic random- access memory) chips, the tiny silicon storage units found in products ranging from computers to toasters. Prices in the $6 billion DRAM market have seesawed sharply over the past few years, swinging from $3 to $30 a chip, depending on type and availability...
...more than a year, takeover artist and TWA chairman Carl Icahn has been missing from the roiling waters of corporate raids, beached by huge investments in Texaco and USX. But last week Texaco's largest stockholder sent a quiver through the New York Stock Exchange when he abruptly unloaded his 17.3% stake, or 42 million shares, for $2.07 billion (his profit: $600 million). The sale, which ranked as the largest single trade in Big Board history, was so unwieldy that three investment firms -- Shearson Lehman Hutton, Goldman, Sachs and Salomon Brothers -- teamed up to buy the shares. The bombshell transaction...
...have a way to go. Opposition leaders and some L.D.P. members have criticized the choice of Uno, a former member of the faction led by ex-Prime Minister Yasuhiro Nakasone, during whose administration (1982-87) the Recruit Co. helped line politicians' pockets by offering to sell them stock in its real estate subsidiary at reduced rates before it went public. The next chapter of the Recruit scandal may be written when voters go to the polls next month to fill 126 seats in the upper house of the Diet...
...center stage at the Med School when it was disclosed that Sheffer C.G. Tseng, an ophthalmology fellow, had apparently acted unethically in his research. Tseng was found by the University to have exaggerated results of his experiments on a vitamin A treatment for dry-eye disease while owning substantial stock in the company that manufactures the drug...
...committee assigned by Med School Dean Daniel C. Tosteson '44 to investigate the incident found that Tseng was "improperly" supervised during his research. His supervisor, Associate Professor Kenneth R. Kenyon, also held stock in the company selling the drug...