Word: bulls
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Despite their profit-making ability, Wasserstein and Perella were unable to resolve a basic tension between the competing demands of First Boston's investment-banking and trading departments. During the bull-market days of the early 1980s, trading departments grew in size and influence because of their steady profit stream. But since traders are now risking large amounts of capital in increasingly volatile markets, investment bankers argue that the money would be better spent to finance ventures that lately have produced more reliable income. Dealmakers like Wasserstein and Perella are especially eager to become merchant bankers, who use their...
...Times-Mirror Gallup poll conducted Wednesday showed that Rather's favorable rating among viewers -- already lower than that of either of his two network rivals -- dropped to 66%, from 73% last fall. Many journalists too criticized Rather for losing his cool during the session. Even Sam Donaldson, the pit bull of network correspondents, contended that Rather went...
...vindication and went out of his way to antagonize the jury. Among other things, Socrates boasted that the oracle at Delphi had said of him, "No man was more free than I, or more just, or more prudent." As Stone comments, "Socrates looks more like a picador enraging a bull than a defendant trying to mollify a jury...
Will Drabinsky's pit-bull perseverance play in Hollywood? Already he has tangled with one of the major studios, canceling 140 play dates of Columbia's Leonard Part 6 after the studio "broke its commitment to us" and pulled The Last Emperor from Cineplex theaters. The air thickened with threats, and as of now, Drabinsky says, "the two corporations are not doing business together." Viewing all these skirmishes, one industry solon is impressed but skeptical. "Drabinsky is very bright and articulate," he says, "but he's also very arrogant. Other exhibitors watch from afar as he builds his Taj Mahals...
Even among the legions of successful young investors operating on Wall Street in the headiest days of the bull market, David Bloom, 23, stood out as a precocious hotshot. Armed with little more than a good line and glib self- assurance, the son of a Manhattan pizza-restaurant owner persuaded scores of clients to give him some $10 million so that he could play the stock market on their behalf. For some time, Bloom's clients were satisfied: quarterly reports for their accounts showed savvy trades and fat profits...