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May 21, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
A major securities dealer has offered a $2-billion bailout package designed to lift Orange County from the depths of bankruptcy, but county executives rejected it weeks ago without telling the Board of Supervisors, according to interviews and records obtained by The Times. J.P. Morgan Securities made the offer in mid-February and renewed it this month, saying it would be a short-term plan to allow the county to avoid defaulting on its bond payments. County Chief Executive Officer William J.
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BUSINESS
July 31, 2001 | Bloomberg News and Reuters
Wall Street strategists at brokerage giants J.P. Morgan Securities Inc. and Credit Suisse First Boston Corp. now agree that profits of the Standard & Poor's 500 companies will fare worse this year than previously thought. But they disagree as to whether that means investors should pile into stocks. J.P. Morgan's Douglas Cliggott, the most bearish major strategist on Wall Street, predicted Monday that S&P 500 earnings will fall 22% this year, and the index will sink to 1,100 by year's end.
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BUSINESS
July 31, 2001 | Bloomberg News and Reuters
Wall Street strategists at brokerage giants J.P. Morgan Securities Inc. and Credit Suisse First Boston Corp. now agree that profits of the Standard & Poor's 500 companies will fare worse this year than previously thought. But they disagree as to whether that means investors should pile into stocks. J.P. Morgan's Douglas Cliggott, the most bearish major strategist on Wall Street, predicted Monday that S&P 500 earnings will fall 22% this year, and the index will sink to 1,100 by year's end.
BUSINESS
July 4, 2001 | From Bloomberg News
The prevailing image of Wall Street analysts is that they don't know how to say "sell." But a few seem to be trying to change that view--even if the semantics involved may still confuse many investors. On Tuesday, J.P. Morgan Securities analyst Gregory Smith didn't just tweak his view of Multex.com after the company said it would miss profit forecasts.
BUSINESS
July 4, 2001 | From Bloomberg News
The prevailing image of Wall Street analysts is that they don't know how to say "sell." But a few seem to be trying to change that view--even if the semantics involved may still confuse many investors. On Tuesday, J.P. Morgan Securities analyst Gregory Smith didn't just tweak his view of Multex.com after the company said it would miss profit forecasts.
BUSINESS
March 25, 1987
T. Dennis Sullivan, vice president in the public finance department at J. P. Morgan Securities in New York, will become the first president of the newly created Princeton University Investment Co., which is due to begin operating later this spring at the Ivy League school in New Jersey. Sullivan, a 1970 Princeton graduate, said he wants to build on the "truly remarkable" performance recently exhibited by the $2-billion endowment fund.
BUSINESS
June 20, 1989
J. P. Morgan to Underwrite Corporate Debt: J. P. Morgan & Co., the powerful New York commercial bank, received Federal Reserve Board approval to underwrite corporate bonds, marking a significant expansion of commercial banks into investment banking activities. The Fed's decision, to allow subsidiary J. P. Morgan Securities to underwrite and deal in corporate debt securities, is expected to be the first of several such approvals. Other applications are pending at the Fed from Chase Manhattan Corp.
BUSINESS
October 5, 1999 | Bloomberg News
Among the new or revised stock ratings issued Monday by Wall Street analysts: * Avery Dennison Corp. (ticker symbol: AVY; close and change: $52.88, up 69 cents) was raised to "buy" from "market perform" by J.P. Morgan Securities. * Dell Computer Corp. (DELL; $43.25, up 69 cents) was rated "sell" in new coverage by Gilmour & Associates. * Keith Cos. Inc. (TKCI; $5.50, unchanged) was rated "attractive" in new coverage by Granite Financial Group, with a target of $8.
BUSINESS
January 3, 1998
Columbia/HCA said it will take another charge in the fourth quarter to cover costs of a reorganization and its internal efforts to resolve a wide government Medicare billing probe, an analyst with J.P. Morgan Securities said. While the Nashville company hasn't given any number for the charge, analyst Joe Chiarelli said he estimated it would be $38 million, or 6 cents a share, which is what the company took in the third quarter.
BUSINESS
October 8, 1993 | From Times Staff and Wire Reports
Officials Reject Federal Muni Intervention: Local government officials who raise money through municipal bonds told a House panel that federal reforms aren't necessary, despite political contributions that have raised investors' hackles and congressional eyebrows. The House Energy and Commerce Committee's finance subcommittee was told that California Treasurer Kathleen Brown has stopped accepting contributions from individuals who participate in muni transactions.
NEWS
May 21, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
A major securities dealer has offered a $2-billion bailout package designed to lift Orange County from the depths of bankruptcy, but county executives rejected it weeks ago without telling the Board of Supervisors, according to interviews and records obtained by The Times. J.P. Morgan Securities made the offer in mid-February and renewed it this month, saying it would be a short-term plan to allow the county to avoid defaulting on its bond payments. County Chief Executive Officer William J.
BUSINESS
May 8, 1999 | Times Wire Services
Hoover's Inc., publisher of an online guide featuring data and profiles on more than 14,000 companies, said it plans an initial public offering worth up to $48.9 million. The Austin-based company said it had not determined the number of shares to be issued. In its filing with the Securities and Exchange Commission, Hoover's said it would use the money raised from the offering to expand marketing, including a $10-million advertising campaign.
BUSINESS
March 27, 2001 | Reuters
From the Better-Late-Than-Never Department: Investment strategists Douglas Cliggott of J.P. Morgan Securities and Jeffrey Applegate of Lehman Bros. cut their 2001 forecasts for the Standard & Poor's 500. Cliggott said he now expects the benchmark stock market index to finish the year at 1,300, down from his previous forecast of 1,400 and below its 2000 finish, because of lower-than-expected corporate earnings. Applegate cut his outlook for the S&P 500's year-end price to 1,400 from 1,600.
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