Word: hutton
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...former fashion model; he for the second time, she for the first; in the garden of Michaels' summer home in Amagansett, N.Y. Present were Art Garfunkel (cantor), Paul Simon (best man) and ten bridesmaids, including the bride's five sisters, Model Cheryl Tiegs and Actress Lauren Hutton...
...close-knit world of Wall Street. Salomon Bros., the world's largest trader in government securities and corporate bonds, was combining with Phibro, the world's largest commodity trader. The $550 million marriage will create a new international financial juggernaut. Said George Ball, president of E.F. Hutton: "There had been inklings of some internal dissatisfaction and potential losses for Salomon Bros., but nothing that had been a harbinger of a move to sell out to another firm...
...Conoco shareholders will determine whose offer wins. Though Mobil's bid is now the highest, analysts still believe that Du Pont has the best chance because of the antitrust uncertainty surrounding the oil firm's offer. Says Garo Armen, of the E.F. Hutton investment firm: "Du Pont has the edge even though Mobil's offer is higher. Seagram is out of the running on price...
...Teflon, growth has come mainly from in-house research and innovation rather than conglomerate building. The addition of Conoco would more than double Du Pont's size, and some Wall Street analysts fear that the new colossus would lose some technological drive. Says John Henry of E.F. Hutton: "Du Pont can forget about its image as a specialized company diversifying into high technology. It will become just a big commodities giant...
...most bullish brokerage house has succeeded. From Bellingham, Wash., to Bradenton, Fla., 75% of all Americans live within 25 miles of one of Merrill Lynch's 476 offices. As a result, the company is bigger than its three closest publicly held competitors-Shearson Loeb Rhoades, E.F. Hutton and Dean Witter Reynolds-put together...