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Word: stockely (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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FACT: The cost of the existing stockpile of weapons in the world is estimated at more than twice the value of the capital stock in all manufacturing industry in the United States...

Author: By Jim GARRISON Et al., | Title: SURVIVAL | 10/18/1977 | See Source »

Merger arbitrage is a different and enormously expensive game: it consists of buying up big chunks of stock in a company that might be subject to takeover, in the hope of selling at a profit to the firm that eventually acquires the target company. The principal practitioners, all based in New York City, number no more than 20. They include such well-known investment houses as Salomon Brothers; Bache Halsey Stuart; Goldman, Sachs; and Lehman Brothers, which make arbitrage purchases for their own accounts, on behalf of wealthy clients, or both. There are also a few individual operators, ike Ivan...

Author: /time Magazine | Title: Business: Wall Street's Highest Rollers | 10/17/1977 | See Source »

Even as the stock market edged downward this year, one stock shot up sensationally. Between January and mid-September, the shares of a little-known company called Savin Business Machines Corp., of Valhalla, N.Y., increased 158% in value on the New York Stock Exchange, reaching a high of $50. Suddenly Savin's stock collapsed; by the middle of last week its price had been cut nearly in half, to $27.25, and a modest rally brought it back only to $28 Friday. The drop was a classic case of how jittery stock traders can be panicked...

Author: /time Magazine | Title: Business: High and Low | 10/17/1977 | See Source »

...publishes the W.S.J., ran an item, but initially omitted the point about the contract, since both Low and the reporter agreed that it was old news. Later the ticker did add information about the contract-but by then there had been additional heavy selling. Low asked the New York Stock Exchange to suspend trading in Savin during the afternoon of Sept. 30. Last week Savin ran an ad in the W.S.J. explaining the situation with Ricoh...

Author: /time Magazine | Title: Business: High and Low | 10/17/1977 | See Source »

Since current fiction is still overpopulated with navel gazers, it is refreshing to find characters who are willing to stare instead at newspaper headlines and stock quotations. But the relentless public-spiritedness of everyone in The Ice Age sometimes seems almost comical in its portentousness. With no apparent irony, Drabble describes one of Alison's conversations with Keating: "She spoke of the state of the nation." During a get-together between Keating, his ex-wife and their children, "they talked of his father's funeral, of the sale of the old house, of the problems of squatters...

Author: /time Magazine | Title: Books: Cold Comfort | 10/17/1977 | See Source »

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