Word: calif
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Dates: during 1980-1989
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Merrill Lynch fired William Dillon, 33, a financial consultant in its New London, Conn., office. Prudential Bache dismissed Brian Callahan, 28, a broker in its Anaheim, Calif., branch. Another investment firm, Advest, suspended an unnamed broker in its Hartford office...
...leaks appear to have occurred at plants where Business Week is printed in Old Saybrook, Conn., and Torrance, Calif. Investigators were looking into reports that Dillon had been meeting at breakfast on Thursday mornings with printers coming off the night shift at the Connecticut plant. Dillon may have used the information to buy stocks on Thursday, then sold them at a profit the following Monday. The broker, who could face fraud charges, reportedly admitted to co-workers that his tips came from Business Week, but claimed he was getting an early copy at a newsstand. Investigators are uncertain whether...
...artificial-intelligence enthusiasts from around the world gathered in San Diego for the second international conference on neural networks. For five days, they studied the recent advances in this form of artificial intelligence and pondered its bright future. Before long, Tom Schwartz, an industry consultant in Mountain View, Calif., told the crowd, "these machines will be recognized as the steam engines of the 21st century...
...most literal-minded mountain bikers are the "gravity" riders, who strip off the pedals, strap on a helmet, station themselves at the top of the steepest incline they can find and go like a bobsled. Says Scot Breithaupt of Palm Springs, Calif., a former motorcycle racer: "It's a bunch of death-wish riders pointing straight down the hill. It's dynamic!" Equally fearless are those riders near Vail, Colo., who take helicopters to the high country or ride the ski lifts up the mountains and then charge through the backcountry trails. "I got into mountain biking to escape," says...
...fashion trends. Bikers spent $700 million on clothes and accessories last year, a 17% increase over the year before. "Ten years ago, you saw cycling clothing as a pair of lumpy wool shorts and a wool jersey," says Steve Ready of the National Bicycle Dealers Association in Costa Mesa, Calif. "You could have any color you wanted, as long as it was black." Now, he says, the sport is more "visual." Bikes come in fashion colors -- lilac mist, rosebloom, aquamarine -- with bright jerseys to match. The Lycra shorts with a padded seat, once confined to serious cyclists, are standard equipment...