Word: kidders
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...quiet, at first, for 26-year-old Joseph Schmuckler, program trader for Kidder Peabody. The blinking number on his computer screen, which will signal him when it is time to unleash his electronic firepower, is advising him to wait. But suddenly the stock market begins to move downward, and the telltale digit on Schmuckler's screen starts changing like a countdown at Cape Canaveral. The trader and his two assistants erupt in a frenzy of shouted telephone conversations as they advise colleagues in New York City and Chicago to get ready for a blast of trading orders. "Strap on your...
With that, an assistant leaps into the chair at a computer terminal designated for just one important job: to execute Kidder's preset trading program called Firedown. Triggered by a few keystrokes, Firedown zips a massive order to the New York Stock Exchange for the sale of 685,000 shares of stock in 500 different companies for a total of $31.2 million. At the same time, Schmuckler telephones an order to Chicago traders who will buy futures contracts on the stocks he is selling. The simultaneous deals, equivalent to a precomputer blizzard of paper shuffling, take just a few minutes...
...Grenfell, has a market capitalization of only $988 million, in contrast to Nomura's ($34 billion) or Salomon Brothers' ($6.6 billion). The worry is that unbridled competition will force many more old-line British houses to merge or go out of business. Says Ian Kerr, a British executive with Kidder, Peabody International: "The City of London has handed itself to foreigners on a plate." Whether that statement is true or not seems hardly to matter to much of London's bustling investment community as it revels in exciting times...
Priscilla Kidder, owner of the tony Priscilla of Boston bridal shops, is having the biggest year "dollarwise" of all her 45 in business. Phil Weiss, a wedding coordinator from Skokie, Ill., suggests, "Go to downtown Chicago on any given Saturday, and you'll see wedding parties of $15,000 to $40,000 all over the place." Philip Youtie, vice president of the Bridal Marketers Association of America and owner of a large bridal chain with headquarters in Fort Lauderdale, adds it up simply. "There are fewer brides but bigger weddings," he says. "People are bringing that money out of cubbyholes...
...Atlanta, who went into upscale bridal consultancy after designing a gown for former Georgia Governor George Busbee's daughter Beth, notes that satin and silk-satin blends are the most popular fabrics at the moment. "Organza is out, out, out," she says. "But tulle touches are coming back." Priscilla Kidder believes, "The girls went into ivory tones when the dresses their mothers had put away turned ivory from age. But wedding gowns themselves haven't changed. The most popular is still the very full, classic gown of stiff silk-satin...