The Ticker

Sat., Sept. 28, 1996

A look back at the past week on Wall Street

What’s hot

When Conseco agreed to acquire Transport Holdings earlier this week, the stock price of the provider of cancer insurance jumped almost 40 percent. Conseco, a financial services concern, offered $70 a share for Transport Holdings. That’s about what the stock was going for Friday ($69.50) after a jump of $17.75 since Wednesday … IPOs have been getting a black eye recently, with many either starting slowly or falling after a quick start.

Abercrombie & Fitch isn’t in the former category, that’s for sure. The Columbus, Ohio-based unit of Limited Inc. was initially offered at $16 Thursday. By Friday’s close it was trading at $23, after falling 12-1/2 cents the last day of the week … This week’s hot computer stock is Adobe Systems, a San Jose-based software maker. Though the company’s earnings fell in the third quarter, the drop was expected. The stock rose $3.62-1/2 Thursday, though it fell back 75 cents Friday, closing the week at $37.87-1/2.

What’s not

Another company that wasn’t so lucky was Burlington Industries, which announced lower fourth-quarter earnings. Couple that with the news Burlington had excess inventory and it is no wonder the company’s stock fell more than $2 the past two days, closing Friday at $10.75.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.