Word: bros
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Dates: during 1980-1989
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...Besides Whoops, the defendants include a group of 88 utilities in the Northwest. They had originally agreed to pay for the plants, but later some of them backed out of their contracts. Other suits name such prominent brokerage houses as Merrill Lynch, Prudential-Bache Securities, Smith Barney and Salomon Bros., which enthusiastically sold the Whoops bonds. They are accused of withholding crucial information about the agency's deteriorating finances. Even Moody's Investors Service and Standard & Poors were hauled into court because they gave the bonds high ratings. "They are all responsible," says Melvyn Weiss...
Wall Street brokers and financiers have long been accustomed to power struggles in the executive suite. But they have seldom seen the head of a major firm voluntarily and abruptly surrender his top spot because an ambitious colleague wanted it. That was precisely what Peter Peterson, chairman of Lehman Bros. Kuhn Loeb, did last week...
After Warner Bros, excised half an hour from George Cukor's 1954 remake of A Star Is Born, the director vowed never to see the film again. Last week at New York City's Radio City Music Hall, after a painstaking reassembly, the original version that Cukor loved-all three hours of it-was shown publicly for the first time since its release 29 years ago. James Mason, 74, who played Norman Maine to Judy Garland's Esther Blodgett took a bow at intermission, but Film Historian Ronald Haver was the true star of the show. Combing...
...Warner Bros...
Wall Street also has been deciding that now is the right time to buy. Energy stocks have been among the best performers since fears of an all-out price war began ebbing last month. Says Merz Peters, an energy analyst for Brown Bros., Harriman: "Everybody's portfolio was underrepresented in oils." And for investors with a taste for a different speculation, futures contracts in crude oil began trading last month on the New York Mercantile Exchange and the Chicago Board of Trade. The two exchanges hope that the new contracts, which cover oil for future delivery, will...