Word: stockings
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Dates: during 1980-1989
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Since investors have lately lacked much confidence in General Motors, the company decided it was time for some major self-promotion. In a dramatic act to demonstrate GM's belief that its stock is undervalued, Chairman Roger Smith said the firm would buy up to 20% of its shares by the end of 1990. At current prices that would cost more than $5 billion, making the stock buyback the largest in corporate history. After the announcement, GM's stock spurted 3 7/8 points, to 79 1/2, before falling back a bit to finish the week...
Dedicated Rumormonger Jean-Noel Kapferer, 38, has heard those spurious stories and some 10,000 other tales. A Parisian academic, Kapferer, in 1984, created the Foundation for the Study of Rumors. His office, not far from the Paris Stock Exchange, runs a 24-hour hotline dedicated to collecting examples of tattle while they are still fresh. "It's very important to hear about them the instant they start," he says. "A rumor is like a fire. You have to be on the spot. Otherwise you find yourself working on hearsay about hearsay...
...What's the latest logos on the stock market prices...
...university is not sure exactly which of the companies in which it owns stock have operations in South Africa, and thus the companies from which it may divest will not be determined until a newly formed committee of students, faculty and administrators meets later this fall, said Columbia vice president for investments Roberta Weil...
...divests from foreign companies, Columbia will not own any stock in companies doing business in South Africa except for $2.1 million worth in corporations with licensing or distribution agreements there, such as Coca-Cola Company, IBM and General Motors, Weil said...