Word: dillons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...probe of insider trading based on purloined early copies of Business Week magazine expanded to include at least 16 suspects on both coasts. In the most fully investigated case so far, former Merrill Lynch Broker William Dillon, 33, is believed to have paid employees at a magazine printing plant in Connecticut to give him copies of Business Week a full day before the issue was available to the general public so he could buy stocks recommended in the "Inside Wall Street" column before the price went up. Dillon typically paid $30 an issue, but allegedly reaped profits...
...Merrill Lynch fired Dillon late last month after it discovered his suspicious trading pattern. Prudential-Bache, detecting an apparently separate but very similar scam, late last month fired a broker in its Anaheim, Calif., office whom it has accused of getting early copies of Business Week from a printing plant in Torrance, Calif. Last week the company that operates both plants, R.R. Donnelley & Sons (which also prints some copies of TIME), fired three workers; a fourth resigned...
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...
High tech equipment has taken the place of the magic sponge in Harvard's training room. The Dillon Field House facility is one of a handful in the country with its own X-ray machine and technician, Baker says. In addition, trainers can prescribe ultrasound and electrostimulating treatment or rehab work on a new $35,000 CYBEX isokinetic machine, which regulates resistance as athletes flex injured joints...