Word: firmed
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Dates: during 1980-1989
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Even before Black Monday, the First Boston investment firm's go-go days had gone. In late 1986 the company's traders lost $100 million in the Treasury bond market. Last February the firm's prized merger-and-acquisition specialists, Bruce Wasserstein and Joseph Perella, defected to start their own firm, taking 16 staffers with them...
...With the firm beset by squabbles over strategy and slumping morale, chief executive Peter Buchanan decided that it needed shoring up. After six months of negotiations, First Boston agreed last week to be taken over in a $1.1 billion merger with its European affiliate, Financiere Credit Suisse-First Boston. The new investment firm, which will be privately held, will be controlled by Credit Suisse, the giant Zurich-based banking company...
...East Coast shopping mecca. These days it sells a $10,500 mink coat for a mere $7,895. Furs were not enough to save Flemington. In the mid-1970s, when the town was losing business to shopping malls, and its retail space could be rented cheaply, the Dansk kitchenware firm opened a factory outlet, hoping to capitalize on the fur company's cachet. By 1982, Bloom, 63, a New Jersey accountant who had wandered into real estate, had transformed a cluster of artisans' shops in Flemington into an 88-store outlet complex called Liberty Village. Much of the success...
Knowing the position, the employer's firm, and the employer's industry is essential to a successful interview - an interview that leads to another opportunity, a second interview, or a job offer...
...fact sheet about positions or training programs, location of employment, and required concentrations. Those are kept in a binder in the recruiting room. It may seem obvious, but you should have a basic knowledge of what your job involves. If you're interviewing for an investment banking firm, know what an investment analyst does and how she contributes to the company. You should also know such basic information about a company as: what its products are, where its offices are located, what subsidiaries it has, what its growth has been, and how it views its future prospects...