Word: inc
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Dates: during 1980-1989
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...mood of uncertainty in the once stodgy business of buying and selling U.S. Treasury bonds, bills and notes. For the brokers and dealers in the $700 billion market, the task at hand was to sort out the implications of the default two weeks ago by Drysdale Government Securities Inc. on more than $189 million worth of obligations to Chase Manhattan Bank and other major banks. Meanwhile in Washington, probes of the Drysdale affair were opened by both the Securities and Exchange Commission and a Senate subcommittee...
...hasty effort to forestall federal policing of the market, the Association of Primary Dealers in U.S. Government Securities, whose 36 members include such blue-ribbon financial firms as Bankers Trust Co., Morgan Stanley & Co. Inc. and Goldman, Sachs & Co., last week started working on some overdue ways to self-regulate their business. One proposed rule, which will probably be quickly adopted, will require that all repurchase transactions involving members must take into account accrued interest on the security. Said Association President Allan Rogers of Bankers Trust of the new rule: "Most people have favored it for a long time." Better...
Shoreline Communigraphics Inc...
...American Government. But for a brief and unnerving period last week, the business of buying and selling them gave Wall Street jitters aplenty. The problem was not the creditworthiness of the U.S., but rather the solvency of a tiny and little-known Wall Street securities firm, Drysdale Government Securities Inc...
...grows by a million persons a year in the U.S. alone, pharmacologists keep searching for a better drug. Within the past month, two companies claim to have found it: Oraflex (chemical name: benoxaprofen), introduced last week by Eli Lilly & Co., and Feldene (piroxicam), unveiled several weeks ago by Pfizer Inc. Both drugs have been successfully marketed abroad...