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Speer Leeds Kellogg

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BUSINESS
January 8, 1988 | From Reuters
Speer, Leeds & Kellogg has withdrawn as the specialist for J. P. Morgan's stock amid questions about its trading practices in the days after the Oct. 19 crash, the New York Stock Exchange said Thursday. While most shares gyrated during the plunge and the market's subsequent attempts to recover, the extreme fluctuations of Morgan's shares attracted more attention than most. The distinguished New York banking company's stock slumped from $41 to $27.75 on Oct. 19.
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BUSINESS
January 8, 1988 | From Reuters
Speer, Leeds & Kellogg has withdrawn as the specialist for J. P. Morgan's stock amid questions about its trading practices in the days after the Oct. 19 crash, the New York Stock Exchange said Thursday. While most shares gyrated during the plunge and the market's subsequent attempts to recover, the extreme fluctuations of Morgan's shares attracted more attention than most. The distinguished New York banking company's stock slumped from $41 to $27.75 on Oct. 19.
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NEWS
February 13, 1990 | From Times Wire Services
The parent of junk bond pioneer Drexel Burnham Lambert Inc. said today it would file for federal bankruptcy court protection, capping the downfall of the Wall Street firm that pioneered use of high-risk bonds in financing the takeover boom that swallowed many well-known firms. Drexel Burnham Lambert Group Inc. said a staggering liquidity problem had resulted in defaults on about $100 million in loans and was threatening other defaults.
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