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Stock Baskets

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BUSINESS
August 22, 1989 | From Associated Press
The Philadelphia and American stock exchanges on Monday limited trading in their new "stock basket" products because of legal uncertainty over which government agency should regulate them. The exchanges, which began offering stock baskets to investors three months ago, also denounced a Chicago federal court ruling that suddenly has thrown the products' legitimacy into question. "The real loser in this controversy is the American investor," said Amex President Kenneth R. Leibler.
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BUSINESS
August 22, 1989 | From Associated Press
The Philadelphia and American stock exchanges on Monday limited trading in their new "stock basket" products because of legal uncertainty over which government agency should regulate them. The exchanges, which began offering stock baskets to investors three months ago, also denounced a Chicago federal court ruling that suddenly has thrown the products' legitimacy into question. "The real loser in this controversy is the American investor," said Amex President Kenneth R. Leibler.
BUSINESS
May 20, 1989 | CARLOS V. LOZANO, Times Staff Writer
A veteran Los Angeles County prosecutor, branded a "loose cannon" by a federal magistrate, has been suspended amid charges of deliberate misconduct in an attempt to gain a tactical advantage in a 1988 robbery trial. Rosalie L. Morton, a deputy district attorney in the San Fernando Courthouse, last week was suspended with pay based on a preliminary review of the case by U.S. Magistrate Volney V. Brown, said Chief Deputy Dist. Atty. Gregory Thompson. "Morton is a loose cannon who the district attorney cannot or will not control," Brown wrote in his review.
BUSINESS
May 15, 1989
New Type of Security Hits Market: Regulators have authorized three exchanges to sell a new type of security that allows investors to bet on the direction of the stock market as a whole rather than purchasing individual stocks. Two of the exchanges--the American Stock Exchange and the Philadelphia Stock Exchange--immediately began trading the instruments, known as stock baskets. Amex calls its product an Equity Index Participation and Philadelphia's is a Cash Index Participation. The instruments are priced to reflect increases and declines in broad market indexes such as the Standard & Poor's 500-stock index.
BUSINESS
September 11, 2001 | JOSH FRIEDMAN, TIMES STAFF WRITER
Netfolio, which offers do-it-yourself stock portfolios designed to compete with mutual funds, said Monday it will shut down because funding has evaporated. The New York-based firm, which uses the slogan "Goodbye Mutual Funds, Hello Netfolio," said it will discontinue its service Friday, six months after it was launched.
BUSINESS
March 15, 1990 | From Times Wire Services
Treasury Secretary Nicholas F. Brady today proposed ending a bitter two-year turf battle over regulating a new breed of equities products by stripping the Commodity Futures Trading Commission of some or all of its power. "What's important is that we get something done and get it done now," said Brady in a speech before the National Newspaper Assn. His comments added sudden urgency to an issue that until now the Bush Administration has handled with great delicacy.
FOOD
August 27, 2003 | Charles Perry
Department stores stock picnic baskets, but there's a much wider range of choices if you go online. All sorts of baskets, from traditional models to the jazziest new backpacks, are for sale at sites such as www.picnicplanet.com, www.perfect-picnics.com, www.picnic-baskets-bargains.com and www.picnicstop.com. All these sites sell similar makes and models of baskets at slightly different prices.
BUSINESS
May 20, 1989 | CARLOS V. LOZANO, Times Staff Writer
A veteran Los Angeles County prosecutor, branded a "loose cannon" by a federal magistrate, has been suspended amid charges of deliberate misconduct in an attempt to gain a tactical advantage in a 1988 robbery trial. Rosalie L. Morton, a deputy district attorney in the San Fernando Courthouse, last week was suspended with pay based on a preliminary review of the case by U.S. Magistrate Volney V. Brown, said Chief Deputy Dist. Atty. Gregory Thompson. "Morton is a loose cannon who the district attorney cannot or will not control," Brown wrote in his review.
BUSINESS
March 16, 1990 | From Reuters
Treasury Secretary Nicholas F. Brady on Thursday proposed ending a bitter two-year turf battle over regulating a new breed of equities products by stripping the Commodity Futures Trading Commission of some or all of its power. "What's important is that we get something done and get it done now," said Brady in a speech before the National Newspaper Assn. His comments added sudden urgency to an issue that until now the Bush Administration has handled with great delicacy.
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