October 25, 1997 |
Hong Kong stocks rebounded strongly Friday from their four-day free fall, but there was no celebration on Wall Street, where investors dumped big-company stocks for the second straight day. The Dow Jones industrial average dropped 132.36, or 1.7%, to 7715.41 after a strong morning rally fell flat. That loss was on top of a 186-point tumble Thursday. Especially hard hit in Friday's selling were the shares of semiconductor companies.
April 12, 1995 |
Two underwriters of highly speculative stock deals are changing their names. Coincidentally, both have had to contend with the stigma of disciplinary action by securities regulators. For investors, it may be OK to forgive--but maybe not so wise to forget. Thomas James Associates, a Rochester, N.Y.-based penny stock broker that has had several run-ins with regulators since 1989, merged two weeks ago with H.J. Meyers of Beverly Hills.
February 15, 1990 |
Drexel Burnham Lambert's slow dissolve in the acid bath of liquidation provides more than just a juicy 1980s allegory of greed, hubris and excess. It offers crucial insights into the underlying challenges of managing innovation and how the most successful innovations can lead to the most spectacular disasters.
August 12, 1998 |
One of the guiding precepts of the U.S. stock market's bulls in the 1990s has been that mutual funds are there to save the day. No matter how bad things get, short-term stock market corrections can't turn into full-throttle bear markets so long as millions of individual investors keep plowing money into mutual funds, especially through their 401(k) retirement plans.
March 12, 1998 |
Andrew K. Licht, producer of the movie "The Cable Guy," and eight other Southern Californians were charged Wednesday with insider trading by the U.S. Securities and Exchange Commission. In its complaint, filed in U.S. District Court in Los Angeles, the SEC alleges that a group of "close friends, family members and other associates" of Licht's older brother, Bel-Air attorney Roger L.
February 11, 1999 |
Top Wall Street players expressed broad support Wednesday for a bill to overhaul the Depression-era banking laws even as a new rift opened up among lawmakers. Leaders of the banking, securities and insurance industries coalesced around H.R. 10, legislation resurrected from last year's Congress that would allow one-stop shopping for a host of financial services. "The outstanding issues are few and resolvable," David Komansky, chairman and chief executive of Merrill Lynch & Co.
January 27, 1999 |
The sky-high stock market, which rallied again on Tuesday, is getting support from an important source: corporate earnings. At the midway point of the 1998 fourth-quarter profit reporting season, market watchers say they're pleasantly surprised by the numbers so far, though hardly giddy. "This is encouraging but not conclusive," said Marshall Acuff, equity strategist at brokerage Salomon Smith Barney in New York.
November 3, 1999 |
The bill rewriting Depression-era U.S. bank laws promises broad benefits to the banking, insurance and securities industries. A close examination of the fine print, however, shows some companies did particularly well, while others were disappointed. On Tuesday, U.S. House and Senate negotiators formally approved details of the bill, clearing the way for final House and Senate action as early as today.
September 8, 1999 |
The year 2000 will begin with "business as usual" in U.S. securities markets, a phalanx of top-ranking regulators, stock market chiefs and other officials asserted at a news conference in Washington on Tuesday. The officials, including the heads of the Securities and Exchange Commission, the New York Stock Exchange and the National Assn.
January 12, 2001 |
The nation's top securities regulator warned investors Thursday about the dilutive impact of stock options on their shares and urged them to make their voices heard as the Nasdaq Stock Market considers new rules for shareholder approval of options for executives.