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Robert G Kirby

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BUSINESS
January 15, 1988 | DOUGLAS FRANTZ, Times Staff Writer
The chief of a $15-billion investment fund said Thursday that his firm has slashed business with four major brokerages by 20% to 25% because of the firms' extensive use of "index arbitrage" trading for their own accounts. Robert G. Kirby, chairman of Capital Guardian Trust Co. in Los Angeles and a member of the presidential commission that studied the causes of the Oct.
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BUSINESS
January 15, 1988 | DOUGLAS FRANTZ, Times Staff Writer
The chief of a $15-billion investment fund said Thursday that his firm has slashed business with four major brokerages by 20% to 25% because of the firms' extensive use of "index arbitrage" trading for their own accounts. Robert G. Kirby, chairman of Capital Guardian Trust Co. in Los Angeles and a member of the presidential commission that studied the causes of the Oct.
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NEWS
November 4, 1987 | Associated Press
President Reagan today appointed four top business executives to a commission studying the current turmoil in the financial markets and met for the first time with the group, headed by former Sen. Nicholas Brady (R-N.J.). Named by Reagan to the Presidential Task Force on Market Mechanisms were James C. Kotting, chairman and chief executive officer of Navistar International Corp. of Chicago; Robert G. Kirby, chairman, Capital Guardian Trust Co., Los Angeles; Howard M.
NEWS
May 14, 1989 | WILLIAM J. EATON, Times Staff Writer
Federal Reserve Board Chairman Alan Greenspan said Saturday that he believes the number of leveraged buyouts of companies has started to subside, but a panel of business experts disagreed, contending that many more large companies would be takeover targets. Greenspan expressed his view at a closed-door meeting of the Business Council, a group of 65 top executives of the nation's biggest corporations assembled for their spring meeting here. The Fed chief refused to comment to reporters afterward on leveraged buyouts or on any other topic, especially the moderate 0.4% rise in the producer price index for April that sent the stock market soaring Friday.
BUSINESS
December 4, 1990 | GEORGE WHITE, TIMES STAFF WRITER
A newly expanded Lockheed Corp. board of directors Monday unanimously rejected a $1.6-billion takeover offer from Texas investor Harold C. Simmons, concluding that the financing arrangements in the buyout plan would burden the company with too much debt. The board action is the latest episode in Simmons' yearlong struggle to gain control of the Calabasas-based aerospace firm.
BUSINESS
November 5, 1987
Robert G. Kirby, appointed Wednesday by President Reagan to the Presidential Task Force on Market Mechanisms, a commission charged with investigating last month's stock market crash, likes fast cars and stocks with inherently strong values. In 1979, his racing team finished ninth in the 24 Hours of Le Mans, and, in 1984, he won the national championship of the Sports Car Club of America. But as chairman of Los Angeles-based Capital Guardian Trust Co.
BUSINESS
February 15, 1988 | BILL SING, Times Staff Writer
In recent weeks, regulatory agencies, stock and futures exchanges and special committees have issued reports on the October stock market crash, and at least one theme emerged: The parties couldn't agree on what reforms should result from the debacle. On Saturday, representatives of these groups convened in Los Angeles in the first West Coast conference of securities regulators, academics and investors to discuss the crash.
BUSINESS
January 23, 1988 | BILL SING, Times Staff Writer
Shearson Lehman Bros. and E. F. Hutton Group said Friday that they were suspending computerized program trading for their own accounts, a move that could increase pressure on the securities industry to curb the controversial practice. The giant brokerage firms, which are in the process of merging, said their action came in response to concerns by institutional and retail clients and their own brokers that program trading may exacerbate market volatility.
BUSINESS
January 15, 1988 | TOM REDBURN, Times Staff Writer
The New York Stock Exchange, worried about the possibility of another sharp plunge in the stock market, said it will reimpose limits on computerized program trading beginning today.
BUSINESS
December 14, 1988 | JAMES FLANIGAN
The curious thing about money is that people treat it so respectfully. When Colgate or Procter & Gamble bring out a wash day miracle--new, improved Fab or Tide--it is seen for what it is, a marketing gimmick to wake up customers. But when Wall Street comes up with a new scheme for its brokers to wake up customers, it's treated as a great financial innovation. That's the way it was last week with unbundled stock units, the latest gimmick dreamed up by Shearson Lehman Hutton.
BUSINESS
July 9, 1988 | PAUL RICHTER, Times Staff Writer
The package of market reforms proposed this week by two leading stock and futures exchanges is winning expressions of general support from the investment world--along with many pointed criticisms of its plan to impose "circuit breakers" that would temporarily halt trading in plunging markets.
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