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BUSINESS
February 13, 1995 | Times Staff and Wire Reports
Warburg Directors Meet Amid Crisis: Directors of S.G. Warburg Group held a rare Sunday meeting to discuss the worst crisis of confidence in the investment bank's 61-year history. More than 20 Warburg officials, some having arrived from the United States yesterday, huddled in the bank's penthouse suite to discuss strategies for reviving the company's flagging reputation and preventing further defections of key employees.
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BUSINESS
February 13, 1995 | Times Staff and Wire Reports
Warburg Directors Meet Amid Crisis: Directors of S.G. Warburg Group held a rare Sunday meeting to discuss the worst crisis of confidence in the investment bank's 61-year history. More than 20 Warburg officials, some having arrived from the United States yesterday, huddled in the bank's penthouse suite to discuss strategies for reviving the company's flagging reputation and preventing further defections of key employees.
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BUSINESS
February 20, 1995 | Times Staff and Wire Reports
S.G. Warburg Group Opens Office: The British investment bank said the office is its first in China. It is also seeking clearance for a Shanghai office. The company currently has offices in Hong Kong, Singapore, Kuala Lumpur, Taipei, Bangkok, Seoul, Bombay, Japan, Australia and New Zealand.
BUSINESS
May 3, 1995 | Times Staff and Wire Reports
Warburg Mulls Link With Swiss Bank Corp.: S.G. Warburg Group said it is considering a partial link-up with the banking concern, capping a day of takeover speculation. Swiss Bank Corp., one of the top three banks in Switzerland, had approached Warburg to discuss merging their investment banking businesses, Warburg said in a statement. Earlier, speculation that U.S. brokerage giant Smith Barney Inc. might bid on all or part of Warburg had pushed the company's stock up 5.9% to $13.
BUSINESS
February 14, 1995 | From Associated Press
S.G. Warburg Group announced Monday that its chief executive, Lord Simon Cairns, has resigned from London's biggest investment bank. Warburg's chairman, Sir David Scholey, takes over the duties of chief executive at the bank, which has shown signs of trouble ever since a proposed merger with Wall Street powerhouse Morgan Stanley collapsed in December.
BUSINESS
May 4, 1995 | From Bloomberg Business News
S.G. Warburg Group said fiscal 1995 profit at its investment bank will fall well below forecasts, raising questions about the value of the business one day after Swiss Bank Corp. said it wants to buy it. Warburg shares fell 3% from their highs for the day on the London Stock Exchange, closing down 11.2 cents at $13.02. Analysts had been expecting Warburg's investment bank, Britain's largest securities firm, to break even for the year.
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
BUSINESS
December 16, 1994 | From Reuters
A deal that would have created the world's largest investment bank collapsed Thursday when U.S. investment house Morgan Stanley Group Inc. and its British counterpart S.G. Warburg Group called off merger talks. But analysts said the main sticking point in the $7.8-billion deal--how Warburg's 75%-owned Mercury Asset Management Group would be treated--could be overcome. "Remember, the two companies we're talking about here are world leaders in (mergers and acquisitions).
BUSINESS
August 26, 1994 | DON LEE, TIMES STAFF WRITER
Buoyed by a strong performance in its main engineering and construction business, Fluor Corp. said Thursday that profit surged 18% for its latest fiscal quarter. For the three months ended July 31, the Irvine-based company posted earnings of $48.3 million, or 58 cents a share. That compared to a profit of $40.8 million, or 50 cents a share, for the same period a year earlier. Revenue for the period, the company's third quarter, was $1.96 billion, up 6% from $1.84 billion.
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