Word: hutton
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Verola subsequently landed a new job with the E.F. Hutton office in Fort Lauderdale. And she has started her own bi-weekly stock tip sheet, Marina's Market Letter (cost: $195 a year), which she says has hundreds of subscribers. (She currently likes gold, Dynatech and Caesars World...
Such was the scheme of Theode C. Langevin, 34, a six-year employee of the Federal Reserve Board who moved to E.F. Hutton in mid-November. During his last 18 months at the Fed, Langevin, a $37,300-a-year economist, was given daily access to the central bank's computer by telephone. When Langevin left his Washington job, his access code was canceled, but he had arranged to learn the code number of an unwitting colleague. On his very first day at his approximately $60,000-a-year job at Hutton, Langevin punched the number into a push...
Officials at E.F. Hutton had been in formed of the investigation by the FBI before Langevin's last call and fired him shortly thereafter. They said they did not get any information from him or benefit in any way. Langevin blamed his action on a "personal situation" that he refused to identify. He told TIME: "I made a bad mistake. It may ruin my career. It was the first time I ever did anything like this." He faces a fine of up to $1,000 and a jail term as long as five years...
...sidelines. Some are even taking advantage of the high prices to sell shares. Says William Rajsky, a Merrill Lynch account executive in Peoria, III.: "This is not the usual market. The little guys aren't buying, they're selling." Fred Fraenkel, director of investment strategy for E.F. Hutton, who analyzes the habits of his firm's 850,000 customers, agrees. Says he: "So far the buying orders have come almost exclusively from institutional and foreign investors. The cash customer, on the other hand, has been a net seller...
...business and toward high technology. Agee sold off the firm's nonferrous metals, forest products and energy exploration divisions for a total of $800 million and began looking for a company to acquire with that enormous nest egg. Martin Marietta was considered a perfect takeover target. Says E.F. Hutton Analyst Frank Drob: "Martin Marietta is a very attractive purchase. The important point is that you are not marrying two sick companies, but two strong ones...