Word: exchangeâ
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Superstar Larry Bird thought the stock was overpriced. Forward Kevin McHale feared that the shares were too susceptible to injury. But when the Boston Celtics went public last week?the first time that a major league sports team has had its own listing on the New York Stock Exchange???the action on the floor was intense. All 2.6 million shares, representing a 40% stake in the franchise, sold out the first day, raising $48 million...
Faith in the free market has caused Friedman to condemn many Establishment institutions as monopolies. His targets include the New York Stock Exchange???in his view, a brokers' commission-fixing cartel?and the public-school system. He contends that the Government should issue vouchers that parents could cash at any school they choose for their children. This, he says, would encourage the founding of independent schools to compete with public schools, particularly "in the ghettos where schooling now available is extremely unsatisfactory." He believes that men who work as leaders in the free market should devote their full energies...
...international string of offices is hooked together by some 285,000 miles of private wire. Merrill Lynch belongs to 41 stock exchanges, from New York to The Netherlands, averages 4,900 sales or purchases during every market hour. On the biggest bourse of them all?the New York Stock Exchange???Merrill Lynch has a hand in 12% of the round-lot (100 shares or more) and 20% of the odd-lot (less than 100 shares) transactions. Its capital totals $148.2 million, almost three times that of its nearest competitor, Bache & Co. The vaults in Merrill Lynch's headquarters on Pine...
Last week Carroll S. Bayne, Manhattan broker, paid $230,000 for a seat on the New York Stock Exchange???new high price record...
...Democrats regained Tennessee from the Republicans, but lost Kentucky in exchange???net loss of one electoral vote for the Democrats; one vote gain for the Republicans...
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