Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...overly rapid growth in the money supply now that inflation is bumping back up to double-digit levels. The Federal Reserve's move toward tighter credit, while welcomed by businessmen who share Burns' concern about inflation, helped to dash hopes of a spring rally in the stock market. Having worried down steadily from its close of 1004.65 last Dec. 31, the Dow Jones industrial average dropped another 31.63 points last week to 898.83, its lowest level in 16 months...
...picked up steam in early spring. The group's decision was to push the federal funds rate up a bit, to as much as 5½%. The Federal Reserve's tighter money policy is already showing up in higher short-term interest rates-to which the stock markets are keenly sensitive-as well as in a rise in the prime lending rate that banks charge their best customers. At week's end New York's Citibank raised its prime one-quarter point, to 6¾%, the second such raise in two weeks...
Last week Avis' status was cloudier than ever. Originally the trouble began because ITT failed to move fast enough to sell its stock; by 1974 it still held about half of the total. At the request of the Justice Department, a court then named a trustee, a New York lawyer named Richard Joyce Smith, and charged him with the responsibility of selling off the rest of the Avis stock. Smith, now 73, began to sound as attached to the stock as his predecessors; for a time he refused to sell any shares, arguing that the price...
...money to help win sales abroad touched off the current concern over international business ethics. Like Lockheed, the British auto giant (1976 sales: $4.9 billion) had to seek government assistance to keep it going; in 1975 the British government spent millions to buy 95% of the company's stock and rescue it from bankruptcy. Also like the American firm, British Leyland depends heavily on its export business. The Daily Mail charged that the firm has been "paying bribes and conspiring to defraud foreign governments on a massive scale in a desperate effort to win overseas orders...
...investment in South Africa is a social and ethical one, independent of the size of the investment, it is clear that Harvard's level of investment in companies doing business in South Africa makes that of most other universities seem paltry. While Hampshire College owned $40,000 worth of stock in corporations with South Africa investments, Harvard owns more than $100 million...