Word: stockings
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Dates: during 1980-1989
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...Trading stock options is a high-risk business. That is why Jack Keller of Winnetka, Ill., took up the trade: compared with his previous career as a professional poker player, being a market maker looked low key. Keller, the No. 2 U.S. money winner at poker -- $300,000 this year -- has traded a seat at Caesars Palace in Las Vegas for one on the Chicago Board Options Exchange...
...takes considerable nerve to name the ten worst-managed publicly traded firms in America, but FinancialWorld obviously has that. The Manhattan-based biweekly issued its first roster of corporate clunkers this week, based on such factors as stock performance, earnings and management errors. BankAmerica was criticized for bringing back Chief Executive A.W. Clausen, who had been accused of mismanaging the troubled bank before he retired. MCI Communications was named for taking on too much debt. Others mentioned: Wang Laboratories and Bally Manufacturing...
...computer engineers: Founder Seymour Cray, 62, and Steve Chen, 43, the Chinese-born immigrant who designed the Cray X-MP, the company's best-selling machine. Last weeksupercomputerdom's best and brightest duo decided to split up. In a move that shocked the investment community -- and sent Cray's stock tumbling 8 1/2 points in a single day -- the company announced the cancellation of its most advanced supercomputer project and the impending resignation of Project Manager Chen. According to the company, Chen's plans to build a machine ten times as powerful as any existing today had grown wildly over...
While foreigners have poured billions of dollars into U.S. buildings, banks and blue-chip companies, it is the vast sums they are pumping into America's stock and bond markets that have the greatest impact on its economy. All told, foreigners last year held more than $500 billion worth of U.S. Treasury and other government securities, corporate bonds and shares in publicly traded companies. (They also owned $449 billion deposited in accounts in American banks.) U.S. holdings of foreign stocks and bonds amounted to $269 billion, but foreign holdings are rising faster. The fact is that outsiders are supplying...
...Aquino and Ramos took stock of the situation the morning after the shooting started, they had reason for concern. During the night Honasan had led 300 of his supporters into Camp Aguinaldo after persuading guards to let them pass rather than face a fire fight. His offices occupied, General Ramos moved his operations across the street to Camp Crame, headquarters of the Philippine Constabulary. In the morning and early afternoon, small units of progovernment troops tried to enter Camp Aguinaldo, only to be met by heavy fire from rebel troops, many with Philippine flags stitched upside down on their chests...