Word: yielded
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...last time we were in a place even roughly comparable was the late 1980s, the decade that birthed LBOs, so called because firms got a lot of their buying power from debt, or leverage--particularly high-yield, risky junk bonds. Raiders feasted on bloated conglomerates such as Beatrice, buying them up, busting them apart and reselling at a profit--until the economy slipped into recession. The ensuing bankruptcies killed off the junk-bond market, and the deals dried up. The late 1990s saw a tech-driven LBO resurgence, but that too ended with the 2000 bubble burst...
...week operation in Gaza has thus far failed to yield either the return of Corporal Shalit or an end to Palestinian rocket fire, and Hamas appears to be more popular than ever. The Israelis insist that they must erase the threat to their citizenry by taking down the leadership of Hamas and Hizballah, and that a failure to do so would simply invite further provocations. But the track record suggests that military means may be unable to accomplish that goal, and the militants know this. They are clearly betting they can withstand the Israeli offensive as the civilian casualty toll...
...billion Expected profit from this year's Afghan opium crop, the largest yield in history
...reportedly offered more than $7 billion to buy PCCW's phone and media assets. The Australian investment bank has built a global empire in large part by packaging the least glamorous of acquisitions?such as toll roads and airports?into fixed-income funds, which are then sold to yield-hungry retail investors. Lately, the company's concept of an infrastructure play has broadened and its pursuit of acquisitions has grown increasingly audacious?earlier this year it mounted a $2.6 billion bid for the London Stock Exchange. That failed, but the bank's ability to turn tired old assets into lucrative...
...facto Saudi ruler, Crown Prince Abdullah, a month earlier, hadn't done it, nor had a stream of U.S. dignitaries arriving in Riyadh, exhorting the Saudis to allow the Americans to interview the families of the 9/11 terrorists or, at least, to provide access to bank accounts that might yield leads to terror financiers. It was fear that moved the Saudis. The oil fields, the function of every equation, were targeted. The House of Saud was under direct attack...