Word: discounted
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
More and more self-reliant investors are turning to discount brokerage firms, which offer no investment advice but charge commissions that often are only about one-fourth the fees asked by full-service firms like Merrill Lynch. Several major banks, including Bank of America and Chase Manhattan, have challenged Wall Street's kingpins by offering discount brokerage. At the moment, there is plenty of business to go around. Says Discounter Larry Kelly, president of First Texas Brokerage Services in Houston: "The phones have been ringing off the hook. We're tired, but happy about it. We've seen our trade...
...discovered it was true in an unexpected sense: if purchased at retail, the Inaugural wardrobe would cost about $46,000. Hyde carefully pointed out that the First Lady's favorite designers are often just too happy for Nancy to showcase their creations and thus sell to her at a discount. The costumes Nancy was scheduled to wear included a hand-beaded, art deco ball gown by James Galanos worth $22,500 and an electric blue dress-and-coat set by Adolfo priced...
...Wall Street, American's move looked like an attempt to get out in front of the competition by jumping off a cliff. Many airlines are already losing money, and discount fares may mean bigger losses. Stock prices of all the large airlines that joined in last week's fare war fell sharply. American went down 2 7/8 points to 34 1/4, while United dropped from 47 5/8 to 43 7/8. Even shares of Boeing and McDonnell Douglas, the two major civilian aircraft manufacturers, were hurt, since the fare war may cut demand for planes by driving some carriers...
...offered a glimpse into the workings of television. Most of the field reporting was of course done not by Correspondent Wallace--that is not his job--but by a CBS producer, George Crile. His task was difficult. In sorting through events more than a decade old, Crile had to discount the prejudices and bitterness left over from a war riddled with ambiguities. His sources sometimes waffled and contradicted each other. After 80 interviews, Crile had to whittle down dozen of hours of videotape and volumes of information into a tight 70-minute package. By necessity, most of the evidence wound...
...policymaking arm, met behind closed doors early in the week to discuss monetary strategy. On Friday after the stock market closed, the Federal Reserve lowered the rate it charges on loans to commercial banks, from 8½% to 8%. The Fed was charging 9% for such discount-rate lending a little more than a month...