Word: stocks
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Dates: during 1980-1980
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November election. On Nov. 20, it hit a 1980 peak of 1000.17. Soon, though, stock prices began to tumble because of fear of high interest rates and another recession. The Dow Jones closed last week...
...economy in 1980 showed some pockets of surprising strength and While the Midwest and the auto were suffering depression-like areas of New England and the Coast, where the computer industry other high technology firms have plants, hardly felt the slump. Investors who would not touch a steel stock to buy new issues of Genentech, a Francisco-based genetic engineering or Apple Computer, the California maker of personal computers. Unemployment in Massachusetts was only 5%, or one-third less than the national level. Colorado and other Rocky Mountain prospered with the search for new domestic energy sources. Electronic and computer...
...Chrysler Corp.'s 175 lenders were asked to convert $572 million in loans to preferred stock in the company. That amount represents about half the firm's outstanding debt...
...agreed to last winter was supposed to be sufficient. Said one union official: "We bought $1.5 billion in guaranteed loans with our first concessions, not just $800 million." The banks are unhappy about exchanging a loan, which would have at least theoretical value in a bankruptcy proceeding, for stock that would be worthless in case the company fails...
...spices and pressure-cooked for 12 min. In 1964 he sold the business for $2 million to Nashville Businessmen Jack Massey and John Y. Brown Jr., now Kentucky's Democratic Governor; seven years later they peddled the chain to Heublein Inc. for an estimated $287 million in stock. Sanders, who stayed on at KFC Corp. as a $125,000-a-year consultant, never lost his sizzle. On occasion he would tour a KFC franchise and, if dissatisfied, tell newsmen that, say, the mashed potatoes tasted like "wallpaper paste...