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Janney Montgomery Scott Inc

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BUSINESS
July 11, 1990 | From Times Wire Services
Marvin B. Roffman, the securities analyst fired for his remarks about Donald J. Trump's new casino, sued the real estate tycoon Tuesday, claiming that Trump made defamatory comments about him. Roffman also filed an action before an arbitration panel of the New York Stock Exchange, charging that he had been wrongfully dismissed by the Philadelphia brokerage firm, Janney Montgomery Scott Inc., his attorney said. The suit filed in U.S.
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BUSINESS
March 6, 1991 | From Reuters
The brokerage firm Janney Montgomery Scott, which fired a stock analyst for his controversial remarks about Donald J. Trump, said Tuesday that it had been ordered to pay the analyst $750,000 by a New York Stock Exchange arbitration panel. The Philaldelphia-based firm fired well-known analyst Marvin Roffman last March after he said the Trump Taj Mahal casino, then under construction, could face serious financial problems.
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BUSINESS
March 27, 1990 | From Associated Press
A brokerage house that fired a gaming industry analyst who issued a negative critique of Donald J. Trump's newest casino project has tarnished its image and increased skepticism about investment advice, industry observers said Monday. Marvin Roffman, an analyst for 16 years with Janney Montgomery Scott Inc., was fired last Friday.
BUSINESS
July 11, 1990 | From Times Wire Services
Marvin B. Roffman, the securities analyst fired for his remarks about Donald J. Trump's new casino, sued the real estate tycoon Tuesday, claiming that Trump made defamatory comments about him. Roffman also filed an action before an arbitration panel of the New York Stock Exchange, charging that he had been wrongfully dismissed by the Philadelphia brokerage firm, Janney Montgomery Scott Inc., his attorney said. The suit filed in U.S.
BUSINESS
March 6, 1991 | From Reuters
The brokerage firm Janney Montgomery Scott, which fired a stock analyst for his controversial remarks about Donald J. Trump, said Tuesday that it had been ordered to pay the analyst $750,000 by a New York Stock Exchange arbitration panel. The Philaldelphia-based firm fired well-known analyst Marvin Roffman last March after he said the Trump Taj Mahal casino, then under construction, could face serious financial problems.
BUSINESS
June 15, 1996 | Times Staff and Wire Reports
Frederick's of Hollywood May Go on the Block: The venerable lingerie retailer has retained the investment banker Janney Montgomery Scott Inc. to explore a possible sale of the stock held by a family trust that controls 50.2% of the company, or the sale of all of the stock or a merger. Other options include asset sales, a share repurchase, recapitalization or joint venture, the Los Angeles-based company said.
BUSINESS
June 8, 1991 | From Times Staff and Wire Reports
A stock analyst who lost his job at a Philadelphia brokerage after saying that Donald J. Trump's empire was built on shaky financial ground has settled a $2-million defamation suit he slapped on the developer for allegedly prompting his dismissal. Marvin Roffman--who was dismissed from Janney Montgomery Scott Inc. after the Trump flap--won $750,000 from his former employer three months ago in an arbitration suit.
BUSINESS
March 29, 1990 | From Times Wire Services
Donald Trump received approval today from state gaming regulators to open the palatial $1-billion Taj Mahal Casino Resort, the developer's third casino in the famed resort city. The state Casino Control Commission voted unanimously to grant Trump a license. The New York developer also owns the Trump Plaza and the Trump Castle resorts. The property's grand opening next week will feature fireworks and a laser show.
BUSINESS
January 14, 1991 | From Times Wire Services
Philadelphia officials scrambling for $150 million in loans to keep the city in business have been boosted by a promise of $37.5 million from state school employees. The board of the Public School Employees Retirement System agreed by a 6-1 vote to buy a quarter of the $150 million in notes that the city wants to sell to keep it solvent this fiscal year. Those who manage the $16-billion retirement fund expect to turn a hefty profit.
BUSINESS
January 29, 1991 | From Associated Press
The stock market advanced today when a late rally capped a lackluster session. The Dow Jones average of 30 industrials gained 8.16 points to 2,662.62. Advancing issues outnumbered losers by about 6 to 5 on the New York Stock Exchange, with 823 up, 681 down and 479 unchanged. Big Board volume totaled 155.74 million shares, against 141.27 million in the previous session. The NYSE's composite index lost 0.10 to 183.37. At the American Stock Exchange, the market value index closed at 310.58, up 0.
BUSINESS
March 27, 1990 | From Associated Press
A brokerage house that fired a gaming industry analyst who issued a negative critique of Donald J. Trump's newest casino project has tarnished its image and increased skepticism about investment advice, industry observers said Monday. Marvin Roffman, an analyst for 16 years with Janney Montgomery Scott Inc., was fired last Friday.
BUSINESS
March 9, 1988 | From Reuters
Airlines will likely have weak first-quarter earnings, as they usually do, but company results may be given a lift by fare increases and declining fuel costs, industry analysts said. Higher air fares, which began inching up last month and will rise again next week at the instigation of Texas Air Corp.'s Continental Airlines, should offset normally slack wintertime travel. "It's typically a money-losing quarter," said Louis Marckesano of Janney Montgomery Scott Inc., Philadelphia.
BUSINESS
August 30, 1996 | From Associated Press
Shares of PepsiCo Inc. fell for a third straight day Thursday to their lowest level since January after an analyst's downgrade led to concerns about the company's restaurant business. Mark Cohen of Goldman, Sachs & Co. removed Pepsi from his recommended list, saying he expects disappointing sales to continue at the company's Pizza Hut and Taco Bell chains. Last month, Pepsi said second-quarter sales at its restaurants declined 2% from a year ago.
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