Word: lawson
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Manhattan (76):Billy Wheeler 8-7--23, Dave Althaver 5-3--13, Pete Runge 5-10--20, Ed Lawson 3-2--8, Russ Williams 4-0-8, John DeGennaro 0-0-0, Steve Boyle 0-0-0, Jamil Adams 0-1--1, Ken Bouyer 1-0--2, Antoine Owens 0-0--0-, Mike Dunn 0-2--2-, Greg Rock 0-0--0, Alex Rocke...
Three-pointers: Gielen 2, Mackey, Phillips; Fouled out: Mohler. Total fouls: Manhattan 11; Harvard 21. Assists: Manhattan 24 (Lawson 8); Harvard 21 (Gielen 6). Turnovers: Manhattan 14; Harvard 15. Rebounds: Manhattan 34 (Runge 10); Harvard 29 (Lang...
...share issue price of the new offering, and investors therefore shunned the new $12.2 billion flotation. Underwriters were stuck with millions of unsold shares, and could face losses totaling $1.7 billion. Earlier, British, U.S. and Canadian financial institutions had pleaded with British Chancellor of the Exchequer Nigel Lawson to postpone the event. But Lawson chose to forge ahead, adding a concession: for the next month at least, shareholders who want to cut their losses will be able to sell their shares at a deep discount to the Bank of England...
Nonetheless, some countries remain undeterred. Mediobanca, the leading Italian merchant bank, with assets of $130 million, is still expected to go on the block sometime next year. In Britain, despite the BP setback, Chancellor Lawson last week predicted that privatization would go "from strength to strength." The next item of government business is privatization of Britain's $76 billion worth of electrical utilities...
Just one year ago, the London Stock Exchange celebrated Big Bang, the introduction of computerized and deregulated stock trading. The anniversary last week was a Big Bath. Chancellor of the Exchequer Nigel Lawson complained that he did not know why London "should be following Wall Street quite so slavishly." Samuel Brittan, widely respected economic commentator for the Financial Times, ventured a prediction that the stock slump would clip half a point off Britain's 3.0% projected growth rate next year. Prime Minister Margaret Thatcher called for a healthy dose of budgetary realism in Washington, and Chancellor Lawson reminded tight-fisted...