Word: lehman
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Dates: during 1990-1999
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...weight of a huge portfolio of troubled real estate loans. The 129-year-old company, which last week announced 3,500 layoffs, 10% of its work force, has been desperately searching for a major cash infusion. Weill, who earned a reputation for shrewdness after creating what is now Shearson Lehman Brothers and selling it to American Express in 1981, appears to be bottom fishing. Primerica's stake -- at $19 a share -- is valued at about half Travelers' book value. Weill, who is also known as a cost cutter, will take an active role in Travelers' management. Primerica, which already generates...
These incoming students will be registering for the Graduate School of Arts and Sciences (GSAS) today between 9 a.m. and 4 p.m. This is the first time that new students will be separated from GSAS veterans, who will register in air-conditioned Lehman Hall...
...Teaching Fellow Information Clearing House, located in Lehman Hall, is designed to take some of the uncertainty out of the teaching fellow job search. The program, which begins tomorrow, will operate for the next few weeks...
...there's money in trash, entrepreneurs will find it. And in many instances they have. Processors are turning a profit by recycling high-value steel and aluminum cans and, in general, paper cartons and cardboard. A Shearson Lehman analysis concludes that recycling is now attracting "the attention of the solid waste industry investor." In two areas in particular, innovative ideas are cropping...
...creditors would acquire the remaining 55% in exchange for forgiving more than $1 billion in debts. Icahn currently owns 90% of TWA's stock, but he would gladly dispose of his holdings if it means freedom from the financially troubled carrier. Says Robert Joedicke, an investment analyst at Shearson Lehman: "Icahn will do just about anything to extricate himself from this mess...