CALIFORNIA | LOCAL
October 1, 1996 |
Consultants Monday unveiled a lengthy report on the future of the county's landfill system, but some Waste Management Commission members are already expressing strong reservations about one option: selling the dumps to a private operator. The 2-inch-thick report, prepared over the last two months by A.G. Edwards & Sons Inc. and Alex, Brown & Sons Inc., does not recommend specific action. But it does offer an exhaustive analysis of the landfill operations and examines several possible scenarios.
December 21, 2000 |
The New York Stock Exchange on Wednesday fined brokerage firm Edward Jones & Co. $200,000 for improperly supervising the sale of about $3 billion worth of long-term certificates of deposit. "In certain instances, the registered representatives did not adequately disclose the features and risks of the investment to customers," the NYSE said.
CALIFORNIA | LOCAL
February 6, 2001 |
Pacific Coast One-Stop in Simi Valley, the nation's third-largest distributor of music- and video-based products, has been purchased by Magic Media Makers Inc. Former Prudential Securities executive Ralph W. Johnson has been named chairman and chief executive. The company, renamed Tempo One-Stop Records Inc., also named mergers and acquisition specialist Marvin Wilcher as chief operating officer.
February 10, 2000 |
Allstate Corp. said its fourth-quarter operating profit fell 18% to $524 million, or 66 cents a share, as higher auto claims and stiffer competition continued to hammer the troubled insurer. Revenue grew 8.6% to $7.01 billion. Allstate's stock quickly fell to a new 52-week low, even though the results exceeded analysts' lowered expectations of 64 cents. The company's shares closed down $2.06, or more than 9%, at $19.94 on the New York Stock Exchange.
November 17, 1993
Nationwide Health Properties Inc. said Tuesday that it raised nearly $65 million from the sale of debentures--corporate IOUs--that pay investors a 6.25% interest rate. The debentures were underwritten by a group of brokerages headed by NatWest Securities Ltd. and co-managed by Alex. Brown & Sons Inc. and A.G. Edwards & Sons Inc. The notes, with a $1,000 face value, were sold on the New York Stock Exchange. Until the debentures mature on Jan.
July 10, 2004 |
Earnings forecasts for Titan Corp. were reduced by at least five analysts Friday, one day after the defense contractor said it would report a second-quarter loss and declined to give an outlook for all of 2004. A.G. Edwards & Sons Inc., Wachovia Securities, Credit Suisse First Boston, Raymond James & Associates Inc. and Stephens Inc. all cut their forecasts. Titan said Thursday that it would report a quarterly loss of as much as $78 million. Three analysts now expect a loss for the full year.
July 28, 2000 |
A Securities and Exchange Commission proposal to halt selective disclosure of company news is turning into a battle between individual investors and industry insiders. Top executives at Merrill Lynch & Co., Lehman Bros. Holdings Inc., A.G. Edwards Inc. and other firms asked SEC Chairman Arthur Levitt on Thursday to abandon the proposal.
March 22, 2002 |
Louis Rukeyser, host of TV's "Wall Street Week With Louis Rukeyser," said Thursday that he would leave the investment show after its producers asked him to take a smaller role on the program. Rukeyser said Maryland Public Television executives didn't want him to continue as host and had asked him to become a senior commentator. He said he intended to honor his contract, which ends in June.
March 22, 2001 |
Three of Wall Street's biggest brokerage firms reported earnings declines for the latest quarter Wednesday because a plunge in equities throttled investment-banking revenue. Profit at Morgan Stanley Dean Witter & Co. fell 30% and was off 28% at Lehman Bros. Holdings Inc. for the quarter ended Feb. 28. Both results were slightly higher than analyst forecasts. Bear Stearns Cos. said earnings for the period dropped a deeper-than-expected 40%.