Word: stockings
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While companies are reluctant to admit that they have been targets of dirty tricks, experts say that such crimes are on the increase. The potential for disaster is frightening. Software sabotage could alter data in computers at banks and stock brokerages or send false signals to air traffic controllers. That could mean the loss of millions of dollars or hundreds of lives...
...they chart a course that blends communism and capitalism, China's policymakers send off a mix of policy signals: some tightening, some loosening. Last week the government announced a two-year ban on automobile imports. But authorities also moved closer to institutionalizing stock trading, a practice that has been illegal since Mao's revolution. A branch of Shanghai Investment and Trust has been authorized to oversee the buying and selling of stocks and distribution of dividends...
...decision to allow stock trading is part of a plan to reduce the strain on the government's financial resources by raising private capital. But city officials remain cautious. Says Shanghai Spokesman Wang Mingyang: "We will not allow the unproductive speculation and profit making you find in Western stock markets." JAPAN Dangerously Off Course...
...over the industry. Philip Morris shares closed the week at 74 5/8, down 21% from their March high. R.J. Reynolds was at 25½, off 27% from its April peak. Admits Reynolds Chairman J. Tylee Wilson: "I believe that the product-liability issue is probably depressing the price of our stock...
Bulls by nature are sprinters who tire quickly. But the breed on Wall Street is displaying the endurance of a marathon runner. The stock-market rally that began more than three years ago is as robust as ever. The stampede, spurred at first by a sharp drop in interest rates, started on Friday, Aug. 13, 1982, with a twelve-point rise in the closely watched Dow Jones industrial average, to 788. The runaway Dow took only six months to close above the 1100 mark for the first time ever and just two more to break 1200. Though the market slowed...