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BUSINESS
June 14, 2000
* Starbucks Corp. plans to add lunch items at up to 400 of its stores by the end of fiscal 2001, and said it has raised prices in three markets--California, Britain and Canada. Chief Financial Officer Michael Casey, speaking at the U.S. Bancorp Piper Jaffray conference in Minneapolis, also said he backed analysts' earnings forecasts of 71 cents a share for the full year ending in September. * Lowe's Cos.
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BUSINESS
May 30, 2003 | From Bloomberg News
Bank of America Corp. made an undisclosed payment to a securities firm in 1999 to publish research on Just for Feet Inc., a client that filed for bankruptcy protection later that year, people familiar with the matter said. The payment to brokerage U.S. Bancorp Piper Jaffray came two months after Bank of America's securities unit arranged the April 1999 sale of $200 million in high-yield bonds for Just for Feet, a shoe retailer.
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BUSINESS
May 30, 2003 | From Bloomberg News
Bank of America Corp. made an undisclosed payment to a securities firm in 1999 to publish research on Just for Feet Inc., a client that filed for bankruptcy protection later that year, people familiar with the matter said. The payment to brokerage U.S. Bancorp Piper Jaffray came two months after Bank of America's securities unit arranged the April 1999 sale of $200 million in high-yield bonds for Just for Feet, a shoe retailer.
BUSINESS
December 31, 2002 | From Times Staff and Wire Reports
U.S. Bancorp on Monday said its Piper Jaffray securities arm has agreed to pay $32.5 million to join in the settlement of a wide-ranging probe into Wall Street business practices. Piper Jaffray said it will pay a fine of $25 million and also will pay $7.5 million over the next five years to support independent research options. The agreement comes after regulators and 10 of the world's largest investment banks announced a tentative $1.4-billion settlement on Dec. 20.
BUSINESS
December 31, 2002 | From Times Staff and Wire Reports
U.S. Bancorp on Monday said its Piper Jaffray securities arm has agreed to pay $32.5 million to join in the settlement of a wide-ranging probe into Wall Street business practices. Piper Jaffray said it will pay a fine of $25 million and also will pay $7.5 million over the next five years to support independent research options. The agreement comes after regulators and 10 of the world's largest investment banks announced a tentative $1.4-billion settlement on Dec. 20.
BUSINESS
June 26, 2002 | WALTER HAMILTON, TIMES STAFF WRITER
U.S. Bancorp Piper Jaffray and one of its investment bankers agreed Tuesday to pay $300,000 to settle an investigation into whether the firm dropped analyst coverage of a small biotechnology firm to retaliate for the loss of investment-banking work. The payment ends a probe by the National Assn. of Securities Dealers, the industry group that regulates brokerage firms, into whether the firm ceased coverage of Antigenics Inc.
BUSINESS
May 29, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
A new wave of companies is steadily staking claim to a piece of the communications future. For now, these promising firms are mostly hidden among a glut of "dot-com" ventures. That obscurity, however, is not likely to last. That's because this group of companies is harnessing the power of next-generation networks that carry phone and Internet traffic together, making possible a host of new services that combine the strengths of both phones and computers.
BUSINESS
August 24, 1999 | Bloomberg News
Among Monday's new stock ratings from Wall Street analysts: * Borders Group (ticker symbol: BGP; close and change: $13.94, up 94 cents) was downgraded to "hold" from "buy" by ABN Amro. * Duke Energy (DUK; $55.63, up 6 cents) was raised to "buy" from "hold" by Warburg Dillon Read, with a target of $65. * E-Tek Dynamics (ETEK; $51.88, up $3.13) was rated "sell" in new coverage by Gilmour & Associates. * P.F. Chang's China Bistro (PFCB; $21.
CALIFORNIA | LOCAL
October 10, 2000
MRV Communications Inc. in Chatsworth announced it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of the common stock of its wholly owned subsidiary, Optical Access Inc. Bear Sterns will lead the underwriting group, with CIBC World Markets, U.S. Bancorp Piper Jaffray and First Security Van Kasper serving as the co-managers.
BUSINESS
July 15, 2000 | Bloomberg News
Shares of Powerwave Technologies Inc. fell 18% Friday after an industry analyst downgraded the stock and predicted slower earnings growth through next year. Powerwave, an Irvine maker of amplifiers used in wireless telephone networks, had enjoyed a long upswing in its stock price since last July when shares were trading at $10. But after Samuel May of U.S. Bancorp Piper Jaffray issued his report Friday, the price fell as much as $13.31 a share to $38.50. It closed at $42.25 a share, down $9.56.
BUSINESS
June 26, 2002 | WALTER HAMILTON, TIMES STAFF WRITER
U.S. Bancorp Piper Jaffray and one of its investment bankers agreed Tuesday to pay $300,000 to settle an investigation into whether the firm dropped analyst coverage of a small biotechnology firm to retaliate for the loss of investment-banking work. The payment ends a probe by the National Assn. of Securities Dealers, the industry group that regulates brokerage firms, into whether the firm ceased coverage of Antigenics Inc.
BUSINESS
June 14, 2000
* Starbucks Corp. plans to add lunch items at up to 400 of its stores by the end of fiscal 2001, and said it has raised prices in three markets--California, Britain and Canada. Chief Financial Officer Michael Casey, speaking at the U.S. Bancorp Piper Jaffray conference in Minneapolis, also said he backed analysts' earnings forecasts of 71 cents a share for the full year ending in September. * Lowe's Cos.
BUSINESS
May 1, 2001 | Bloomberg News
Dell Computer Corp. may soon fire thousands more people, after cutting 1,700 jobs in February, as the biggest U.S. personal computer maker tries to reduce expenses to make up for steep PC price cuts, analysts said. The company may fire about 3,000 people, or about 8% of its work force, said Ashok Kumar, an analyst at U.S. Bancorp Piper Jaffray. Dell spokesman Michael Maher declined to comment.
BUSINESS
October 9, 1999 | Bloomberg News
A sampling of new stock ratings issued Friday by Wall Street analysts: * American International Group (AIG; $94.19, up $3.13) was downgraded to "sell" from "hold" by UST Securities. * Callaway Golf (ELY; $12.69, up 44 cents) was raised to "strong buy" from "outperform" by Ferris Baker Watts, with a target price of $20. * Fox Entertainment (FOX; $22.13, unchanged) was rated "buy" in new coverage by Buckingham Research, with a target of $30. * Pacific Sunwear of California (PSUN; $30.
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