Word: firm
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Dates: during 1990-1999
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...millions of Americans who have hitched their computers to the tireless bull market. Once the preserve of a few computer-literate plungers, online trading could account for nearly 30% of the projected 227 million securities transactions at retail houses this year, according to Piper Jaffray, a Minneapolis, Minn., investment firm. "It's been on fire," Bill Burnham, a senior analyst at Piper Jaffray, says of online trading. "Hands down, it's the most successful area of consumer-based electronic commerce...
...Daimler-Benz Deutschland Über Detroit? In what is set to become the largest industrial merger in history, German luxury automaker Daimler-Benz announced Thursday it will effectively absorb America's No. 3 car firm, Chrysler. Daimler describes the deal as a "merger of equals," but there's no doubt about who the senior partner is here. Chrysler shareholders will receive just over half a share in the new company for every one share their Daimler counterparts get, and Chrysler chair Robert Eaton will lose his co-leadership position inside of three years...
...Whatever the impact on American pride, the deal is a bonanza for shareholders -- especially Kirk Kerkorian, the reclusive 81-year-old who owns 13.8 percent of Chrysler. Back in 1990, he was derided for his interest in the once-struggling Michigan firm's stock. Now, if shareholders and governments on both sides of the Atlantic agree to the merger, he will reap a satisfying $5 billion payoff -- more than triple his original investment. Who says you shouldn't throw money at Motown...
Rear Admiral Eugene J. Carrol Jr., a formercarrier group commander and now deputy director ofthe Center for Defense Information, a privateconsulting firm, takes a stronger stance. He urgesa full reopening of the investigation...
...pants off. ProComp, as it's called, will have help navigating D.C.'s treacherous lobbying shoals from ex-Senator and Visa pitchman Bob Dole as well as from such heavy hitters as ex-Federal Trade Commissioner Christine Varney, ex-FTC general counsel Kevin Arquit and Powell Tate, the p.r. firm headed by Carter White House vet Jody Powell and onetime Reagan aide Sheila Tate...