Word: stockings
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Dates: during 1980-1989
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Harvard's endowment sunk from more than $4 billion to $3.85 billion in the October stock market crash, but fell at a rate far less than the market overall, according to figures to be released today in the University's annual financial report...
Harvard also decreased its exposure to a market drop by packing its portfolio with bonds and selling off some of its foreign stocks, Cabot said. At the end of the financial year, the portfolio contained 53 percent stocks and 26 percent bonds, but by October stock comprised less than 40 percent, said Financial Vice President Robert H. Scott, who refused to specify the exact portion of stocks...
Washington is now hot on the trail of Wall Street's insider traders, some of whom have sent their ill-gotten gains to Zurich. In 1982 Switzerland signed a special accord with the U.S. in which it agreed to cooperate in the investigation of these stock-swindle cases, and next year the Swiss parliament intends to make insider trading a crime...
...Christmas-shopping season begins, one question stands out in the minds of the country's toy manufacturers: Just how many $150 playthings can American parents afford at a time of shivering stock prices and economic uncertainty? It had better be plenty, because the industry is pinning its hopes on a new generation of fast-talking and fast-shooting computer-driven toys with price tags that run from $60 to $225. Store shelves and shop windows are crowded with jabbering dolls, video villains, electronic spaceships and even a child- size camcorder. But there are signs that parents -- and grandparents -- may balk...
...fastest-growing new manufacturing concerns in history. But in the view of industry analysts, the company expanded too swiftly and spent too much money just as the toy market began to slump. By the third quarter of this year, WOW posted a loss of $43 million. Its stock has plunged from 29 in June 1986 to 2 5/16 last week. WOW officials are meeting this week with creditors, having already been sued by three lenders for not paying bills...