Word: yen
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Dates: during 1980-1989
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Buoyed by the strong yen, the Japanese last year poured nearly $6 billion into acquisitions of U.S. companies. But few of those investments were larger -- or more stunning -- than the venture announced last week by two renowned names in the world tire industry: Tokyo's Bridgestone and Chicago's Firestone. As part of a $1.25 billion deal, Bridgestone will take over Firestone's tire business, though the U.S. firm will retain a 25% interest in those operations...
...Merck became the "most admired company." -- Japan overcomes the strong yen. -- A better way to save for retirement...
WITH TV's yen for nostalgia, no pair of two female friends on sitcoms will ever be able to escape comparison with Lucille Ball and Vivian Vance. Their camaraderie in the 50's and 60's paved the way for copycat duos in the 70s and 80s. But Ball's shows have endured for much longer than the characters. Many of the plot devices used on I Love Lucy have become staples for the sitcomes of today...
...double charge of cheery news had a predictably explosive impact on currency exchanges and financial markets. The dollar jumped to nearly 131 Japanese yen, up sharply from about 126 yen the day before. The greenback also fetched 1.68 West German marks, vs. 1.63 the previous day. At the New York Stock Exchange, everyone who had been planning to buy stocks if the trade figure was good seemed determined to get in at the opening bell. The Dow Jones industrial average skyrocketed, beginning trade 55 points above Thursday's close of 1916. But the surge ended almost as soon...
...construction companies greater access to Japanese public works projects. He also promised that his government would strive to hold down interest rates, which could help stimulate Japan's economy and boost demand for imports from the U.S. Both men said that the dollar's three-year fall against the yen had gone far enough...