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Kennedy Cabot Co

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BUSINESS
October 3, 1997 | DEBORA VRANA, TIMES STAFF WRITER
In the second major purchase of a local discount brokerage firm in just two months, Canada's fifth-largest bank said Thursday it would pay about $155 million for Kennedy, Cabot & Co., the Beverly Hills discounter known for its aggressive advertising. Toronto-Dominion Bank said its New York brokerage arm, Waterhouse Investor Services Inc., would buy Kennedy Cabot and expand the discount firm nationwide.
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BUSINESS
October 3, 1997 | DEBORA VRANA, TIMES STAFF WRITER
In the second major purchase of a local discount brokerage firm in just two months, Canada's fifth-largest bank said Thursday it would pay about $155 million for Kennedy, Cabot & Co., the Beverly Hills discounter known for its aggressive advertising. Toronto-Dominion Bank said its New York brokerage arm, Waterhouse Investor Services Inc., would buy Kennedy Cabot and expand the discount firm nationwide.
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BUSINESS
August 9, 1993 | DENISE GELLENE, TIMES STAFF WRITER
Daily television commentaries by David Paul Kane, the colorful chairman, president and chief executive of the Beverly Hills-based discount brokerage Kennedy, Cabot & Co., have been suspended following Kane's hospitalization for an undisclosed illness. Kane's stock market commentaries, sponsored by his firm, have been a staple on KWHY-TV Channel 22 for years. A spokeswoman for the TV station said the spot is being filled by four Kennedy Cabot brokers on a rotating basis.
BUSINESS
August 9, 1993 | DENISE GELLENE, TIMES STAFF WRITER
Daily television commentaries by David Paul Kane, the colorful chairman, president and chief executive of the Beverly Hills-based discount brokerage Kennedy, Cabot & Co., have been suspended following Kane's hospitalization for an undisclosed illness. Kane's stock market commentaries, sponsored by his firm, have been a staple on KWHY-TV Channel 22 for years. A spokeswoman for the TV station said the spot is being filled by four Kennedy Cabot brokers on a rotating basis.
BUSINESS
June 16, 1991 | DENISE GELLENE, TIMES STAFF WRITER
From a fifth-floor office suite in tony downtown Beverly Hills, David Paul Kane runs the brokerage industry's bargain basement. It is Kennedy Cabot & Co., a low-budget outfit that has carved a small but visible niche for itself in Southern California by offering investors low commissions--"We will meet, beat or match our competitors," declares Kane--and no investment advice. Kennedy Cabot & Co. isn't the largest discount brokerage--industry leader Charles Schwab Corp.
ENTERTAINMENT
September 16, 1990 | DAVID COLKER
In addition to Jewish Television Network, there are two producers of Jewish-oriented television programs distributed to Westside and Valley cable systems. David Paul Kane is the founder, producer, owner and host of "The American Jewish Hour," a schmaltzy weekly show that showcases local talent and presents interviews with show business personalities. A recent episode included Joyce Amee, who sang "Danny Boy" while accompanying herself on the accordion.
BUSINESS
December 31, 1993 | KATHY M. KRISTOF
Paine Webber, one of the nation's biggest brokerage houses, announced Thursday that it will raise retail trading commissions by 3%, its first such move in three years. The fee hike comes amid predictions of record profits for the securities industry and may be an aberration, as several other big investment houses contacted Thursday said they have no plans to follow suit. Most major brokerage firms last boosted retail commissions in 1990.
BUSINESS
April 1, 1998 | DEBORA VRANA, TIMES STAFF WRITER
In what would be the third purchase of a major Southern California discount brokerage firm in less than a year, Canada's fifth-largest bank said Tuesday it would pay about $100 million for Jack White & Co., the San Diego discounter. Toronto Dominion Bank said Jack White will operate as a division of its discount brokerage arm, Waterhouse Investor Services Inc. The San Diego company's founder, Jack K. White, will become chairman of the new division, which will keep the Jack White name.
BUSINESS
July 6, 1988 | JON D. MARKMAN, Times Staff Writer
Stockbroker Stuart Turney keeps his opinions to himself--a practice that saves his clients a lot of money. A brash 26-year-old at the Brown & Co. discount brokerage in Boston, he says he believes that smart investors need brokers who are good at executing trades, not explaining them. "If a customer doesn't understand my questions," he says, "I'll cut their account. I don't want people who don't know what they're doing jamming my phones."
NEWS
May 28, 1999 | ELAINE WOO, TIMES STAFF WRITER
David Paul Kane, a colorful former lobster importer and carwash owner who made a fortune in the discount brokerage business as founder of the aggressively advertised Kennedy, Cabot & Co., died Tuesday at his home in Century City after complications from a stroke. He was 82. Named after John F. Kennedy to appeal to upscale Democrats and Henry Cabot Lodge to lure Republicans, the Beverly Hills-based firm had no Kennedys, Cabots or Lodges on its payroll.
BUSINESS
June 16, 1991 | DENISE GELLENE, TIMES STAFF WRITER
From a fifth-floor office suite in tony downtown Beverly Hills, David Paul Kane runs the brokerage industry's bargain basement. It is Kennedy Cabot & Co., a low-budget outfit that has carved a small but visible niche for itself in Southern California by offering investors low commissions--"We will meet, beat or match our competitors," declares Kane--and no investment advice. Kennedy Cabot & Co. isn't the largest discount brokerage--industry leader Charles Schwab Corp.
CALIFORNIA | LOCAL
October 23, 1990 | STEPHEN BRAUN, TIMES STAFF WRITER
In the heart of the capital of conspicuous consumption, Bernard Turner spent Monday morning consuming his own ire. The government in Washington was lurching toward new taxes on the rich, but ensconced in his usual sun-drenched window seat at a stock brokerage firm in the commercial center of Beverly Hills, the retired businessman was already braced for the impact.
BUSINESS
October 7, 1997
Many brokerages now allow investors to buy and sell certain no-load mutual funds without paying any transaction fees. Usually, many funds are also available for a fee. Here are the major discount "super markets": Brokerage: Jack White & Co. Phone: (800) 233-3411 Southland offices: 1 No-fee funds: 1,180 Minimum trans. fee*: $27 Annual IRA fee: $35** Internet address: http://www.jackwhiteco.
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