Word: investors
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Manhattan Financier Asher Edelman has spent $72 million since late August to accumulate 11.5% of Foster Wheeler, a New Jersey-based construction company; much of the buying came as the firm's stock tumbled, from $21 to $11.25, amid the crash. Paul Bilzerian, a Florida investor who has made more than $50 million in profits since 1985 from corporate raids against such firms as Allied Stores and Hammermill Paper, is mulling a run at Singer...
...down 300 points. Outside the N.Y.S.E., an investor jumps atop a parked car and screams, "Down with Reagan! Down with M.B.A.s! Down with yuppies...
...Wall Street response was to turn to Madison Avenue. Sober television commercials popped up between World Series innings to reassure investors that their money was safe, and full-page ads appeared in major newspapers. Declared Prudential-Bache in large black type: "Now, especially now, you need an investment firm that is rock solid." That, of course, is exactly what Prudential claimed to be. Shearson Lehman implored readers to "talk with us" because "we share the concerns of every serious investor." Admonished Merrill Lynch: "The worst thing to do right now would be to sell at distressed prices...
While the brokerages tried to talk up investor confidence, the extent of the damage they had sustained was not known. The financial impact of Black Monday was delayed by a New York Stock Exchange rule that allows five working days to pass before traded securities must be paid for. But the 15 biggest U.S. firms clearly had taken huge losses -- by one estimate, anywhere from $50 million to $250 million each -- as they were caught with immense inventories of stocks that they could not sell. For those behemoths, with more than $20 billion in total capital, the bloodletting was serious...
...program's climax: the opening of the safe, a stunt that will inevitably be compared with TV Correspondent Geraldo Rivera's much ridiculed 1986 on-camera opening of Al Capone's empty "vault" in Chicago (a show also produced by Westgate). After filing unsuccessfully to block the broadcast, Florida Investor Michael Harris and four coplaintiffs are suing Westgate and other investors for $300 million, claiming they were cheated out of a share of the profits...