Word: firmed
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Dates: during 1960-1969
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Mediterranean Style. Even beyond the usual hysterical interest attracted by any new Beatles record, the appearance of Revolution and Hey Jude is special. It is part of the first package of releases by the Beatles' new company, Apple Corps Ltd. The firm was organized earlier this year to coordinate the group's multiplying business enterprises, which include films, television, music publishing and electronics. The specific mission assigned to the Apple disk label was not only to record the Beatles, but also to enable them to promote new talent. As John Lennon put it last spring, "We want...
That charge struck at the heart of the brokerage firm's cherished reputation for encouraging and instructing small investors. In essence, it accused Merrill Lynch of doing the very opposite: favoring big institutions at the expense of the rank and file...
Merrill Lynch expressed "surprise" at the SEC action. "We are convinced that none of our people acted wrongfully, and we will defend our position vigorously," said a spokesman. For its own sake, the firm can afford to do no less. Merrill Lynch owes both its eminence and fortune to its success in wooing the small investor. To back the well-justified boast that it brought Wall Street to Main Street, the company points to its 1,400,000 individual customers, nearly one-third more than any other stockbroker has. Their trading, along with that of 3,000 institutional customers, last...
...censure to permanent revocation of its license to do business. The institutions would be subject to milder punishment. They could, for example, be barred from operating as broker-dealers, or lose their registration as investment advisers. But, except for Dreyfus Corp., which operates the well-known Dreyfus & Co. brokerage firm, almost none of them engage in such activities. In any case, the SEC's verdict can be appealed all the way to the U.S. Supreme Court. Considering the magnitude of the issues at stake, such an outcome seems likely...
...justify an acquisition by getting into the 'leisure time' market, he can have a good time." As Siegel himself undoubtedly does. He was chairman of Baldwin-Montrose Chemical Co. until last January, when, in a prelude to a merger with the big boatbuilding firm, he also took over Chris-Craft's helm...