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...complete with display cases and teller's cage. There are hundreds of marble fireplace mantels, pedestal sinks, lighting fixtures, wrought-iron gates and granite gargoyles. There are bigger chunks of history: a 5-ft.-tall, $3,500 brass-and-crystal chandelier found in a crate in Gimbel Bros.' basement, and a 9-ft.-high, 77-ft.-wide chestnut-paneled music room from a turn-of-the-century house in Southampton, N.Y. Cost: $30,000. Antique porcelain bathtubs, which can fetch $1,500 each, are the most popular items. Daniel Kasle, 34, the company's affable chief operating officer, who gave...
...Hutton, on the other hand, sold itself to Shearson Lehman Bros. for about $1 billion. That will create a brokerage giant with $5.4 billion in capital, second in the U.S. only to Merrill Lynch's $8 billion, and a sales force of 12,300, larger by 800 than the thundering herd...
Serious Money attracts many of the same people it skewers. In London, Morgan Stanley bought out the entire house one night, as did Shearson Lehman Bros. Over in New York, the Securities Industry Association is already planning its own night at the Public Theater. If this keeps up, who knows? Maybe brokers will start making their cold-call pitches in verse...
...crash, which merely wounded Wall Street's stronger firms, was a staggering blow for the weakened Hutton. "The events of the last few weeks have altered the conditions under which we compete," said Rittereiser. "Prudence requires that we pursue this course." The most likely buyer may be Shearson Lehman Bros., which offered some $1.6 billion for Hutton a year ago. Now the price may be much lower: an estimated $1 billion. Several other firms, among them Dean Witter and Merrill Lynch, are said to be talking with Hutton. One possibility is that the company's departments will be sold separately...
Hollywood has had dog years before. True, Rin Tin Tin kept Warner Bros. from going broke in the '20s, and Lassie was one of MGM's biggest money earners in the '40s. But now, it seems, nearly every movie, TV series or commercial has another of man's best friends wagging and barking away. Among the other rising dog stars of 1987 are Grendel, the yuppie puppy on ABC's family drama thirtysomething, and Bo, the German shepherd-husky half-breed of Summer School...