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...proceedings, and its stock was selling for as low as 12.5 cents. Today a share of the resurgent toy-store chain goes for more than $38, a 300- fold increase. Windfalls can also be made from convalescing companies like LTV, the giant steel firm that is still reorganizing under Chapter 11 protection but has made strides toward renewed profitability. This year the price of LTV bonds maturing in 2003 has nearly tripled, from 11% of face value...
...Harvard M.B.A. and now the firm's chief operating officer. Bennett, an aggressive trader who was a national champion wrestler as a Yale undergrad, has shown an uncanny knack for spotting gems among securities that, as he puts it, "scare 99% of investors." When a company files for Chapter 11, Bennett goes through troves of financial information that surfaces in court papers. Even firms that may never emerge from bankruptcy are worth a look, he says, if the value of their / assets is not fully reflected in the price of their securities. Earlier this year, Bennett decided that bonds issued...
...Cosby Show, whose fourth season begins on NBC this week, has already earned a chapter in the TV history books. Its overall rating last season -- 34.9, representing 63 million viewers -- was not just its best in three seasons but the best for any TV series since Bonanza in 1964-65. The show's success has created its own bonanza on the syndication market: Cosby Show reruns, currently being sold to local stations, have earned a record-smashing $600 million, and the total could eventually top $1 billion; a third of that will go to Cosby himself. Meanwhile a Cosby Show...
Reading a story end to beginning can be a vertiginous and sometimes irritating experience. Normal expectations that characters will become more understandable as they forge ahead into an unknown future are thwarted. Simon, for example, raises questions with his behavior in the first chapter. How long can this elfin man stay married to his serious, intense wife? Will he succeed as an actor? Answers are not forthcoming. Simon disappears from the book at the point where he enters Dorsey's life...
...volunteered his prints and urged others to cooperate. "We're not here to prove you are the rapist," he told members of the black community, which makes up 40% of Homestead's population. "We want to prove that you are not the rapist." Alice Kirkland, president of the local chapter of the N.A.A.C.P., said her group would not oppose anyone who wanted to volunteer prints, adding, "We've had no complaints from the residents so far." One of two black officers on Kelly's force, Sergeant Ellsworth Ford, a 13-year veteran, has been behind the drive so warmly...