Word: hutton
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...completed before year's end. In the midst of this merger activity, takeover speculation has driven up the stocks of some companies. Among them: Goodyear Tire & Rubber, whose shares rose from 34 1/2 on Oct. 1 to 48 1/4 at the end of last week, and the E.F. Hutton Group, which rose from 42 to 51 1/8 during the same period...
...crafts council has managed to avoid this pitfall with a canny real estate deal. In 1982 a developer agreed to buy the former museum, a cramped brownstone on the present site, to construct the E.F. Hutton office tower. Instead of selling out and shopping for a new home, the council proposed that % it would exchange the land for 18,000 sq. ft. of permanent space in the new tower, 72 ft. of street frontage with a separate entrance, control over its own interior architecture and $750,000 in cash. "It's very unusual," says Craft Council Executive Director Norton Berman...
...museum is a calm and elegant presence on 53rd Street. Fox and Fowle, the New York City architectural firm, has created an airy space within Architect Kevin Roche's Hutton tower. Although the museum's facade is faced with the same pinkish granite as the tower, it is free of Roche's flamboyant touches -- mansard roof and lobby fit for the enthronement of pharaohs...
Caught unawares, brokers were at a loss as to what to tell clients, if clients would listen at all. "This is just sheer crazy," said Arthur Randall, a broker with E.F. Hutton. "You try to be cool and counsel patience. But what do you tell a client when in the course of the minute he's been on the phone with you the Dow has fallen 20 points?" Said Alan Klein, an investment-minded dentist from Roslyn Heights, N.Y.: "It was like a two-day root canal without anesthetic. You find me a patient who can keep cool under those...
...chief of sales and trading at a major investment bank now earns an average of $300,000 annually. Poaching is rife: last month City wine bars were abuzz with the news that Peregrine Moncreiffe, former head of gilt trading at London's Shearson-Lehman International, had jumped to E.F. Hutton for a salary of about $1.5 million. The newly rich brokerage crowd is helping to push up real estate prices in such flossy London neighborhoods as Kensington and Chelsea, where housing costs have climbed 20% to 30% in the past year...