Peabody Co Inc Kidder

Kidder, Jett Targets of SEC Action: The Securities and Exchange Commission told Kidder, Peabody & Co. and Joseph Jett, its former chief government bond trader, that it expects to file civil charges against them, spokesmen for the company and Jett said. SEC staff members, in their investigation of the bond trading scandal at the now-defunct securities firm, want to charge Kidder with failing to properly supervise employees.

Kidder, Jett Targets of SEC Action: The Securities and Exchange Commission told Kidder, Peabody & Co. and Joseph Jett, its former chief government bond trader, that it expects to file civil charges against them, spokesmen for the company and Jett said. SEC staff members, in their investigation of the bond trading scandal at the now-defunct securities firm, want to charge Kidder with failing to properly supervise employees.

Moving decisively to stem a collapse in the reputation and morale of Kidder, Peabody & Co., General Electric Co. on Wednesday ousted the troubled Wall Street brokerage's chief executive and installed two top-level GE executives at the unit's helm. Out as Kidder's chairman and CEO is Michael A. Carpenter, a close associate of GE Chairman John F. Welch, who installed Carpenter at Kidder shortly after its acquisition by GE in 1986.

Moving decisively to stem a collapse in the reputation and morale of Kidder, Peabody & Co., General Electric Co. on Wednesday ousted the troubled Wall Street brokerage's chief executive and installed two top-level GE executives at the unit's helm. Out as Kidder's chairman and CEO is Michael A. Carpenter, a close associate of GE Chairman John F. Welch, who installed Carpenter at Kidder shortly after its acquisition by GE in 1986.