Word: unload
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Dates: during 1980-1989
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...example: say you've got a million little rag dolls you want to unload, but they've taken up permanent residence in the warehouse. A couple of people buy a few, and you've got a minitrend. You publicize your minitrend in the industry press, and more people start buying. Time magazine hears about it and puts in on the front cover, and bang, housewives are duking it out in the aisles to get your product. Net result: Cabbage Patch Dolls...
...comes after pullouts by such American industrial giants as General Motors, IBM and Eastman Kodak, is the largest divestiture so far by a European firm. The South African Barclays affiliate employs 25,000 persons at more than 500 branches. More important, Barclays is the first major British enterprise to unload its holdings in South Africa. Britain is South Africa's largest outside investor, with assets worth an estimated $8.5 billion, or 40% of the foreign holdings in the country. If other British firms decide to follow Barclays' example, the exodus could have severe economic and political repercussions for Pretoria...
Even amid that recovery, however, many Wall Streeters were livid to discover that Boesky and the SEC had apparently collaborated in what many considered another stock-trading outrage. Prior to the Nov. 14 announcement of his penalties, Boesky had been allowed by the federal regulators to unload quietly some $440 million in stocks from the estimated $2 billion worth of portfolios he controlled. In effect, Boesky avoided the market slump caused by the news of his own spectacular downfall. Steamed one senior Wall Street trading executive: "This was the ultimate insider deal." Raged another investor: "It's incredible! This...
...mutual commitment to buy up stock in a company, limiting their blocks to less than 5% to avoid the SEC's required disclosure rule. Then one member of the ring can leak the rumor of an impending takeover. When legitimate arbitragers leap into the fray, the group can unload at an inflated stock price and make off with enormous profits. Says Bergstein: "Both the raider and the arbitrager have an incentive to tell the other side what they are doing...
...stock, is subject to taxation, which translates to a maximum rate of 20% on such income. Starting Jan. 1, however, all long-term capital gains will be taxed at a top marginal rate of 28%. Investors wishing to take advantage of the lower tax rate on these gains must unload their stock...