Word: brokering
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...major index such as the S&P 500 or Morgan Stanley Capital International's benchmark foreign index, eafe (Europe, Asia, Far East). There are now 102 such ETFs in the U.S., including some that target specific industries and countries. They can be bought and sold through any broker and can be traded through...
...keep Stewart from testifying at a House Energy and Commerce Committee hearing June 13, sources say, her lawyers agreed to respond in writing. The letter, which arrived the day before the hearing, explained that her $228,000 sale had been "prompted solely" by an earlier arrangement with her broker to sell ImClone's stock if it ever fell below $60 a share. Her attorneys stated that their information was "based on a thorough review of the circumstances...
Tauzin and investigations-subcommittee chairman Jim Greenwood are annoyed in part because the evidence provided by Stewart's lawyers has continually "tweaked" her story, Johnson says. In the June 12 letter, they said Stewart's Merrill Lynch broker Peter Bacanovic called her on Dec. 27, informed her that ImClone's shares had dropped below $60 and sold at 1:43 p.m. The chronology helped bolster her claims of an earlier stop-loss order. But her story changed with new documents obtained from Stewart's office six days later. Instead of a single call from Bacanovic on the afternoon...
...committee disclosed more information last week, deepening suspicions that Bacanovic, who was also Waksal's broker, had advance knowledge of the FDA rejection. In a Dec. 27 e-mail sent to his assistant before the Stewart sale, Bacanovic asked, "Has news come out yet? Let me know, thx, P." The assistant replied, "Nothing yet. I'll let you know. No call from Martha, either." The FDA rejection was announced after the market close on Dec. 28. Bacanovic's assistant, Douglas Faneuil, at first backed Stewart's story. But published reports say he later recanted, telling prosecutors that Bacanovic prompted...
Betty and Corky Christman have been riding and crewing at an annual balloon festival in their hometown of Billings, Mont., for the past decade. Betty, 60, a retired office administrator, enjoys the fun of crewing with anywhere from three to 10 others. She and Corky, 62, a real estate broker, have made several good friends over the years through their 6:30 a.m. ballooning adventures. Most of all, there's that special feeling of being airborne. "When I'm up in a balloon, it feels like I have wings and everything is easy, calm and good," Betty says. "Ballooning...