L F Rothschild Holdings Inc

L. F. Rothschild Holdings Inc., parent of a respected Wall Street brokerage crushed in the 1987 stock market crash, said Thursday that it had reached agreement with creditors on a bankruptcy court reorganization plan. The plan, which needs approval by the U.S. Bankruptcy Court, restructures $101 million in debt on which the parent of L. F. Rothschild & Co. defaulted in June.

L. F. Rothschild Holdings Inc., parent of a respected Wall Street brokerage crushed in the 1987 stock market crash, said Thursday that it had reached agreement with creditors on a bankruptcy court reorganization plan. The plan, which needs approval by the U.S. Bankruptcy Court, restructures $101 million in debt on which the parent of L. F. Rothschild & Co. defaulted in June.

L. F. Rothschild Holdings, parent of a once-venerated Wall Street investment firm that suffered staggering losses from the 1987 stock market collapse, sought Friday to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The filing for protection from creditors does not include L. F. Rothschild & Co., a registered broker-dealer that is Rothschild Holdings' principal subsidiary.

L. F. Rothschild Holdings, parent of a once-venerated Wall Street investment firm that suffered staggering losses from the 1987 stock market collapse, sought Friday to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The filing for protection from creditors does not include L. F. Rothschild & Co., a registered broker-dealer that is Rothschild Holdings' principal subsidiary.

L. F. Rothschild Holdings Inc., a Wall Street broker reduced by the October crash to a shadow of its former self, said today it will merge with Franklin Savings Corp., a cash-rich Kansas thrift. The mid-sized brokerage house, no relation to the European banking dynasty, became another casualty of the 1987 market collapse that has also claimed E. F. Hutton Group Inc. Franklin Savings, based in Ottawa, Kan., is a leading U.S. savings and loan association with assets of $9.

L. F. Rothschild & Co. Inc. said today it has withdrawn as a primary dealer, making it the second institution in less than a week to defect from the exclusive club of bond dealers that trade directly with the government. Rothschild, a subsidiary of L. F. Rothschild Holdings Inc., said its departure, which will leave 44 primary dealers to trade with the Federal Reserve, is effective immediately. Scope of Decision Told Rothschild also said it will discontinue its U.S.

Smith Barney, Harris Upham & Co. confirmed that it dismissed five top executives in an effort to reduce costs in its public finance division. Among those let go were Edward Tirrel, Oscar Carlson, Michael Cherry and James Williams, all managing directors, and J. Dale Lehman, a vice president, a company official said Tuesday. The official said 110 employees remain in the public finance department.

L.F. Rothschild & Co. Inc. said Tuesday that it has withdrawn as a primary dealer, making it the second institution in less than a week to defect from the exclusive club of bond dealers that trade directly with the government. Rothschild, a subsidiary of L.F. Rothschild Holdings Inc., said its departure, which will leave 44 primary dealers to trade with the Federal Reserve, was effective immediately. Rothschild also said it will discontinue its U.S.

A Massachusetts utility company has begun talks aimed at taking over troubled Public Service Co. of New Hampshire, but not its 36% share of the stalled Seabrook nuclear plant, officials said Tuesday. Public Service, the lead Seabrook owner, sought federal bankruptcy protection last month. The proposed takeover by New England Electric System, based in Westborough, Mass.

Yasuda Mutual Life Insurance Co.'s agreement to buy up to 25% of Paine Webber Group Inc. is the latest in what will continue to be a major push by Japanese financial services firms into U.S. securities markets, analysts said Monday. The Japanese--who have emerged virtually out of nowhere in recent years to become major dealers in U.S.