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Securities Industry United States

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 | TOM PETRUNO
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 | MICHAEL SCHRAGE
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.
February 11, 1999 | From Reuters
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.
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 | From Bloomberg News
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 | Thomas S. Mulligan
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 | Reuters
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.
June 30, 1998 | From Bloomberg News
After slowing in May as the stock market turned dicey, cash flows into U.S. stock funds have rebounded in June as blue-chip stocks have hit new highs, many fund companies say. Bond funds also continue to gain in popularity with investors, as some look to diversify stock-heavy portfolios, experts say. An estimated $21.1 billion in net new cash has gone into stock funds this month, up from $18.7 billion in May, according to Trim Tabs Financial Services, which tracks flows.
December 5, 1998 | From Times Wire Services
Stocks rose Friday after a government report showed the U.S. added more jobs than expected in November, increasing optimism that consumer spending will fuel corporate profit growth. The Dow Jones industrial average rose 136.46 points, or 1.5%, to 9,016.14. Even with the turnaround, for the week the Dow was down 3.3%, the S&P 500 dropped 1.3% from the previous Friday's record, and Nasdaq lost 0.7%. Regional banks such as Bank One led the gain on the prospect of stronger demand for credit.
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