Word: stockings
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Dates: during 1980-1989
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After divesting of stocks in U.S. companies that do business in South Africa, Columbia University will likely take its divestiture a step further when its board of trustees votes next month on whether the university should sell its stock in foreign companies with links to the country...
Wall Street is not the only financial district with a horrendous image problem these days. The venerable collection of banks and investment houses known as the City of London is also embroiled in a shocking stock-trading scandal. Investigators are still probing deeply into allegations of wrongdoing surrounding the $4 billion takeover last year of Distillers, the British manufacturer of Johnnie Walker Scotch and Gordon's gin, by Guinness, the Anglo-Irish brewer and distiller. The sensational affair has already ruined the careers of some of Britain's best-known businessmen, and may bring regulatory retaliation on the City...
...full details of the Guinness scandal have not been revealed, but the investigation centers on the company's battle with Argyll Group, a Scottish supermarket chain, for control of Distillers. Both rivals had offered Distillers' shareholders a mix of stock and cash. During the contest, however, an unexplained flurry of trading raised the price of Guinness's shares. That boosted the value of Guinness's bid and helped it win Distillers. In the process, though, Guinness allegedly made large illegal purchases of its own stock and paid off other investors to do the same. Among those traders who may have...
...bluntly, in hock as never before in history. Time' s Board of Economists warns that the debts, while still manageable, threaten the economy and the future welfare of every American. -- Pan Am, desperately seeking survival, considers putting its shuttle up for sale. -- London' s messy stock- trading scandal...
Last April the college divested of more than $91,000 invested in the Ferro Corporation because of its III level rating. But since then, it has not divested of stock in any company because of a low Sullivan rating. UNIVERSITY OF MICHIGAN...