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BUSINESS
April 14, 1999 | From Bloomberg News
Brokerages Merrill Lynch & Co., PaineWebber Group Inc. and Jefferies Group Inc. reported profits well above analyst expectations for the first quarter as rising markets boosted commissions, trading and other income. Merrill, the biggest U.S. brokerage, said its earnings rose 18% to $609 million, or $1.44 a share. powered by a rebound in trading of stocks and especially bonds. Analysts were anticipating $1.23 a share.
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BUSINESS
April 14, 1999 | From Bloomberg News
Brokerages Merrill Lynch & Co., PaineWebber Group Inc. and Jefferies Group Inc. reported profits well above analyst expectations for the first quarter as rising markets boosted commissions, trading and other income. Merrill, the biggest U.S. brokerage, said its earnings rose 18% to $609 million, or $1.44 a share. powered by a rebound in trading of stocks and especially bonds. Analysts were anticipating $1.23 a share.
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BUSINESS
May 13, 1988 | BILL SING, Times Staff Writer
Jefferies Group, the maverick Los Angeles brokerage on the mend after its founder resigned last year for securities violations, said Thursday that it received an unsolicited inquiry from an unnamed party interested in acquiring a controlling stake. The company also said it enacted a "poison pill" takeover defense designed to discourage hostile bids.
BUSINESS
April 15, 1998 | DEBORA VRANA
Jefferies Group Inc., the fast-growing Los Angeles investment bank, said Tuesday that its first-quarter profit rose 53% to $17.5 million, compared with $11.4 million for the same period a year ago. Like many investment banks, Jefferies' quarterly profit was buoyed by record market conditions. Merrill Lynch & Co., PaineWebber and Donaldson Lufkin & Jenrette all posted record first-quarter earnings this week, in what is promising to be one of the best years ever for securities firms.
BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
BUSINESS
April 15, 1998 | DEBORA VRANA
Jefferies Group Inc., the fast-growing Los Angeles investment bank, said Tuesday that its first-quarter profit rose 53% to $17.5 million, compared with $11.4 million for the same period a year ago. Like many investment banks, Jefferies' quarterly profit was buoyed by record market conditions. Merrill Lynch & Co., PaineWebber and Donaldson Lufkin & Jenrette all posted record first-quarter earnings this week, in what is promising to be one of the best years ever for securities firms.
BUSINESS
April 28, 2007 | James S. Granelli, Times Staff Writer
Edward E. Whitacre Jr., who transformed the smallest regional Bell phone company into the nation's largest carrier, said Friday that he would retire from AT&T Inc. on June 3, his 44-year anniversary date. Though the company's stock has not fared as well as the shares of industry rivals, Whitacre will depart with one of corporate America's biggest exit packages, valued at $158.5 million. Nearly half of that is deferred compensation from his years of service.
BUSINESS
February 7, 1999 | DENISE HAMILTON, SPECIAL TO THE TIMES
Despite turmoil in international financial markets and consolidation of the domestic banking industry, the job market remains mostly bullish when it comes to careers in finance. "Demand for people with expertise in finance is growing because the baby boom population is approaching retirement and that requires a great deal of financial planning and management," says Charlotte Chamberlain, an analyst who covers the financial industry for Jeffries Group Inc., a Los Angeles-based investment bank.
BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
BUSINESS
May 13, 1988 | BILL SING, Times Staff Writer
Jefferies Group, the maverick Los Angeles brokerage on the mend after its founder resigned last year for securities violations, said Thursday that it received an unsolicited inquiry from an unnamed party interested in acquiring a controlling stake. The company also said it enacted a "poison pill" takeover defense designed to discourage hostile bids.
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