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NEWS
October 27, 1986 | Associated Press
The much-heralded Big Bang deregulation of the London Stock Exchange began with a whimper today as a 70-minute computer snarl at the start of trading marred the historic change. A half-hour before the 9 a.m. start of official business, computers vital to the new high-technology system of price quotations went down. They came back up briefly and went down again until they were restored just before 10 a.m.
NEWS
January 11, 1988 | Marylouise Oates
Just when the incumbent President thought it was safe to go into the bookstores, here comes another former Cabinet member getting ready to pen his memoirs of the Reagan years. Former Secretary of Defense Caspar W. Weinberger has signed with William Morris Agency co-chairman Norman Brokaw for a book that he'll begin after a short vacation. Brokaw also represents former White House Chief of Staff Donald Regan, whose book for Harcourt, Brace, Jovanovich is due out this fall.
BUSINESS
November 10, 1987 | BARBARA ROSEN, The Washington Post
In early September, one of Britain' biggest merchant banks, Kleinwort Benson Lonsdale PLC, revealed that its securities business lost $12.3 million in the first half of the year. Later, Shearson Lehman Bros. International, the London branch of the U.S. investment bank, announced plans to lay off 150 members of its securities staff. Both developments signaled the start of phase two of London's financial deregulation: the shakeout.
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