Word: broker
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Dates: during 1980-1989
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...including one on the Merc that went for only $330,500, a sharp drop from the previous sale at $380,000 only a week earlier. Many traders worried about what the scandal might cost Chicago's booming markets in terms of lost prestige and new Government regulation. Says a broker: "It shows once and for all that we're not capable of regulating ourselves honestly...
...typical shady deal they are believed to have detected is the "bucket trade," in which a broker slices an extra profit margin by buying a contract from a confederate at a bit more than the going price in the pit, or selling one for a bit less. For example, if a customer asks the broker to sell a soybean contract of 5,000 bushels and the market price is $7.50 per bushel, the crooked broker may sell the contract to a colleague for $7.40. That gives the colleague a discount of 10 cents per bushel, or $500, some of which...
Marshall, a flashy Toms River insurance broker and chairman of the Ocean County chapter of the United Way fund, suggested robbery as the motive for the attack. He and Maria had been returning from an evening at the Atlantic City blackjack tables and, as his story went, their car may have been tampered with and then followed by bandits. Marshall said a wad of bills amounting to more than $2,000 was missing from his pocket. He displayed a superficial head wound...
...Washington's stubborn holdout in the face of Arafat's peace offensive had bound Uncle Sam in the unaccustomed straitjacket of the spoiler. Shultz's announcement not only ended months of intense criticism from West European and Arab friends but also restored U.S. credibility and influence as an honest broker in the Middle East conflict...
...former management consultant who helped broker the merger between American Motors Corp. and Renault, Hoagland reflects a view that seems to be sweeping the newspaper industry. Confronted by a long-term slump in circulation and intensifying competition with other media for advertising revenue, many newspaper executives are beginning to demand that editors join the management team rather than pit themselves against it. Editors, they say, can no longer afford to stay aloof from such down-and-dirty concerns as advertising, circulation, production and revenues. "The role of the newspaper editor today has changed," says Robert Giles, vice president and executive...