Word: stockely
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Dates: during 1970-1979
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With a fleet of 55 modern planes, modest debt and a depressed stock price, Miami-based National Airlines, the U.S.'s eleventh largest carrier, has long been ripe for takeover. Even so, the industry was startled in July when it became known that Houston's scrappy little Texas International Airlines had quietly bought more than 9% of National's stock; later it won Civil Aeronautics Board permission to pick up as much as 25%. As one Wall Street analyst put it, Texas International was a "sardine chasing a shark." Last week the swivel chairs in airline board rooms were spinning...
...investment policy contend that even if American companies were to initiate labor reforms, the firms would have no practical effect on the apartheid system because they employ only four-tenths of 1 per cent of the black work force in South Africa. American companies in which Harvard holds stock serve only to bolster the apartheid system by supplying the South African white-minority government with the funds it needs to continue building a strong military and police force, the anti-apartheid group...
...hardness. Here we haven't the faintest idea what motivates these two men in modern-day America. Given O'Neal's skill as a driver, the thought keeps occurring that he could be doing just as well, with a lot less hassle, on the stock-car circuit. And Dern's cynicism easily qualifies him for a job behind a big desk at an entertainment conglomerate...
...sale until October. This meant that the paperback publishers were bidding that June day on futures, as if the book were listed on the commodity exchange along with soybeans and pork bellies. With good reason. The booming paperback business can become as risky, and profitable, an arena as the stock market and the gambling casino. Fortunes have changed hands at paperback auctions and reprint sales; unknowns have become overnight celebrities because of a paperback success. Authors like John Jakes (The Bastard), institutions like the Agatha Christie estate, romancers like Rosemary Rogers and Victoria Holt owe their millions to the modest...
...Zurich to Tokyo have confided to Abboud that Middle Eastern, Latin American and Asian capitalists are poised to invest many billions in the politically stable U.S.-as soon as they become convinced that they will not lose because of further dollar erosion. When these worldly investors plunge in, the stock market will surge, many jobs and business opportunities will be created, and the temporarily groggy champ will start to bounce back...