Word: bonding
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...that what appeared to be a solo killing spree in Pearl, Mississippi might actually be part of a broader conspiracy has shaken this small town, across the Pearl River from Jackson. Classmates were quick to note that many of the six teenagers, each now held on a $1 million bond, seemed normal enough. One of the six, Justin Sledge, provided some clues with a note from murder suspect Luke Woodham: "I am not insane. I am angry. I killed because people like me are mistreated every day. I did this to show society push us and we will push back...
...event. In a decade of almost nonstop dealmaking since then, Weill has not only clawed his way back but last week was being hailed as the new king of Wall Street after Travelers sealed a $9 billion deal to acquire Salomon Bros., one of the world's largest bond-trading houses. Says Weill, 64, of his odyssey: "I never thought it could be anything approaching this...
...international finance. The 87-year-old firm also has a reputation as Wall Street's version of a frat-jock house. Its swaggering, foul-mouthed and lavishly rewarded traders epitomized the masters-of-the-universe Wall Street culture of the 1980s. That swagger was staggered by a government bond-trading scandal in 1991 from which the firm never really recovered. Needing to broaden its portfolio beyond bonds to stay competitive, Salomon CEO Deryck Maughan approached Weill in August with a proposal. When Weill got the blessing of Warren Buffett, the billionaire investor who controls an 18.5% stake in Salomon that...
...YORK: Same as it ever was ? when there's mediocre news in the job market, Wall Street cheers. This morning's unemployment figures from the Labor Department drove the bond market up and made investors ever more exuberant. "Just when we thought it couldn't get any better, by God it did," gushed Robert Froehlich of Kemper Funds. Why the excitement? The jobless rate stayed steady at 4.9 percent, when most analysts had been forecasting a fall. No new jobs, of course, means less wage inflation, and a nicely tepid economy for all. Money Daily has the details...
However, the fact that many in the class of 40 are not heterosexual creates a common bond, students...