Word: broker
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Thurmond Shaddix, a bank clerk in Atlanta, bought the stock of a machinery-parts manufacturer, Breeze Corporations, at 20. When the shares hit 37 in May, he asked his broker if he should sell. The broker advised holding for larger gains. The price has since dropped to about 14, giving Shaddix a 30% loss on an investment that once showed an 85% profit. "I'm really burned about that one," says Shaddix, who also has a small loss in some blue chips...
...that the exchange must resolve in the next year or so to appease Government regulators. Under intense pressure from the SEC, it enacted a 7% volume discount on big block trades last year, but the cut was too small to please anyone. The Justice Department advocates scrapping the brokers' jealously guarded system of fixed minimum commission rates -which now range from $6 to $75 for every 100 shares traded, depending on price-and letting every broker charge whatever he can persuade customers to pay. The idea horrifies Haack. He contends, probably rightly, that it would discriminate in favor...
...crunch" talk-the word was on nearly every banker's and broker's tongue last week-delights the Federal Reserve. The board interprets the commotion as evidence that its tight-money policy is now beginning to force banks to make difficult decisions about what to do with their funds, instead of trying to dodge monetary discipline by scraping up money abroad. So far this year, the Federal Reserve has allowed the U.S. money supply to grow at an annual rate of less than 2%. That is sharply below the inflationary 11% growth allowed in the second half...
Wilson's woes are largely self-made. His surprising clumsiness in foreign affairs, ranging from the preposterous invasion of tiny Anguilla in the Caribbean to his own ineffectual journey to Nigeria, where he tried vainly to serve as statesman-broker between rebel Biafra and the Nigerian federal government, has made Britain a figure of world ridicule. At home, Wilson is locked in a particularly bitter battle with British unions, which are incensed by his union-reform bills-and especially at the bill's penal provisions against wildcat strikers...
...depositors with more than $7,000,000 in accounts. About two-thirds of its clients are black, but the bank also gets business from some white-owned firms, including the Gillette Co. and New England Mutual Life Insurance Co. President Donald Sneed Jr., 35, a former real estate broker, reported a profit of $47,520 for the first six months of the bank's operations...