Word: firm
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Dates: during 1980-1989
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...investment firm Drexel Burnham Lambert has been pictured in an SEC indictment as Ivan Boesky's partner in securities fraud. But the company may have been one of the convicted arbitrager's victims as well. The London Stock Exchange is looking into accusations that Boesky used his network of partnerships to hide from Drexel the size, and thus the potential risk, of stock purchases he made with money he borrowed from the firm. Far from feeling duped, Drexel officials welcomed the probe. Since Boesky is the prime witness against the firm, his alleged backstabbing may erode his credibility. Drexel officials...
...blend men's shirts in a few colors. Now the styles are proliferating so fast that they are pushing well-known designers off the racks. Major retailers today sell 600 different lines of private-label clothing, up from 250 five years ago, according to Kurt Salmon Associates, a consulting firm. House brands accounted for up to 20% of the $125 billion in men's and women's apparel sold last year. Shoppers are sold on the basics: the clothes are typically well made, up-to-date and often priced about 20% less than brand-name counterparts...
...Japanese pioneered this kind of architecture, building their own tea garden and baseball diamond on top of a treatment plant. But this will almost certainly be the largest such structure in the world, says Joseph Coppola of New York City's Richard Dattner Architects, the project's design firm. One day soon every slurp of a West Side drain will bring residents a bit closer to what officials have already named Riverbank State Park...
Background: Longtime Bush friend, U.S. Senator from New Jersey, chief executive of an investment banking firm, succeeded Baker as Treasury Secretary...
Background: Intern in Reagan's California Governor's office, executive in Michael Deaver's P.R. firm, Cabinet coordinator in Reagan's first term, Bush chief of staff since...