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May 8, 1985 | Associated Press
The dollar edged up in quiet trading early today a day after a sharp setback that dealers attributed to technical factors. Gold prices were little changed. Dealers said that lacking any important news on interest rates or the health of the U.S. economy, the markets were likely to keep the currency within a narrow range. In Tokyo, where trading ends before Europe's business day begins, the dollar fell to a closing 252.75 yen from Tuesday's 254.15. Later, in London, it was quoted at 253.05 yen.
Any time highflying stocks slide almost 10% in just three days, it's natural to wonder whether sellers are flooding out of the woodwork to dump shares. But amid the Nasdaq composite index's fast 9.2% decline this week, investors should instead be asking where all the buyers went. Indeed, traders say this week's sell-off is due not so much to a herd of investors panicking out of stocks as to a sudden lack of buyers.
February 14, 1985 | Associated Press
The dollar retreated amid widespread profit-taking early today after seven straight days of record-breaking gains. Gold was a shade higher. Dealers said trading was moderately active as investors sought to cash in on the dollar's surge, which took it above 10 French francs and 2,000 Italian lire for the first time ever and 3.30 West German marks for the first time in 13 years. Dealers said investors seemed worried about the prospect of further central bank intervention.
January 24, 1985 | Associated Press
The dollar edged lower against major European currencies early today as investors pondered the prospect of further central bank intervention. Gold prices gained. Dealers said worries about banks selling large blocks of dollars to drive the currency's value down outweighed the boost the U.S. currency got from this week's gross national product figures, which showed America's economy booming.
March 22, 1988 | Associated Press
The dollar fell against all major currencies except the Canadian dollar in quiet trading Monday, mirroring a selloff in both the stock and bond markets. Gold prices jumped as much as $5 an ounce in active trading, spurred by a rally in oil prices. Republic National Bank of New York quoted a bid price for gold of $449.45 an ounce as of 4 p.m. EST, up from $444 an ounce late Friday.
September 24, 1985 | Associated Press
The U.S. dollar stabilized in early trading today, a day after its biggest one-day slide in more than 12 years. Gold prices gained. By the time markets opened in Europe, the dollar had steadied. It was trading at higher levels than the depths it reached in U.S. trading but was mixed in comparison with Monday's earlier European close. Still, the West German Bundesbank sold $46.6 million at the daily fixing. There was no intervention, however, on the open market.
February 24, 2014 | By Monte Morin
Anthropologists and psychologists called it the "magical law of contagion," or the belief that a person's essence can be transmitted through objects they have touched. In the 1920s, anthropologist James Frazer suggested the belief was common to "savage and barbarous society. " But, in a study published Monday in the journal PNAS, Yale University researchers argue that such magical thinking is alive and well here in the United States. To prove their hypothesis, study authors analyzed several high-profile celebrity auctions: the estate of President John F. Kennedy and Jacqueline Onassis; the estate of actress Marilyn Monroe and the estate of convicted swindler Bernard Madoff and his wife Ruth Madoff.
February 9, 2001 | Dow Jones
Mcglen Internet Group Inc., a Tustin specialty technology company, said Thursday that its stock may be removed from Nasdaq and that it has requested an oral hearing before a Nasdaq National Market panel to halt the delisting. The company said in a press release that it has been notified that it didn't meet minimum bid price requirements for continued listing on the Nasdaq SmallCap market.
May 30, 1995
Golden Systems Inc., a Simi Valley-based company that manufactures power supplies for personal computers, reported that its stock has been deleted from the NASDAQ National Market listing after the company's average bid price dropped below the $1 minimum. The company suffered a severe setback when its largest customer, Compaq Computer Corp., rejected shipments of its power supplies in December.
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