Word: stockely
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Dates: during 1970-1979
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Personal incomes and corporate profits are both rising, while the dollar totters abroad and stock prices nosedive. One survey shows consumer confidence at a five-year high; another puts it at a two-year...
...Stock Market. The Dow Jones industrial average has fallen on eleven of the 14 trading days so far in 1978, for a decline of 54 points, and it closed last week at 776.94. In stock traders' minds, worries about inflation, interest rates and the dollar have outweighed all the good news. Though the stock market does not directly move the economy, it can have an important psychological effect by making people feel poorer?and with reason. Says Albert H. Cox, chief economist of Merrill Lynch, the brokerage giant: "By our estimates, at this point almost $100 billion worth of values...
...sorts of indignities, including the imposition by Transamerica of a computerized profit-forecasting system that Krim considered "a joke" in the instinctive movie business. But most galling of all were the consequences of the fact that under Transamerica's umbrella, U.A. had become an "invisible company," with no stock exchange listing of its own. Although shares of other moviemakers such as Columbia and 20th Century-Fox have been shooting up on the strength of box-office hits, Transamerica's stock has hung listlessly in the $13-$16 range. The U.A. executives saw the shares drop from a high...
Beckett could share Krim's concern about flat share values. Despite its unimpressive performance on the stock exchanges, Transamerica also had an impressive 1977: its revenues increased from $2.7 billion in 1976 to more than $3 billion, while profits rocketed upward by 46%, to $169 million. (United Artists contributed about 15% of both Transamerica's revenues and its earnings...
...back from dealers $12 million to $14 million worth of 23-channel equipment. It converted many of those to 40 channels, says Andros, but by that time the market was saturated. Hy-Gain's sales were cut in half, to $50.4 million, and the company's stock - a record $28 in 1976 -plummeted to about...