Word: lynch
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...owns a library of about 2,000 old films that can be sold to cable TV. MGM executives also want to control United Artists' worldwide distribution network, since they will now collect the distributor's 30% cut of their movies' gross ticket sales. Says Merrill Lynch Vice President Harold Vogel: "The merger means MGM will be a stronger competitor...
...boat like the varsity was not set until last week, with third varsity boat heavyweight Gene. Lynch dropping ten pounds in one week to make weight and stroke the boat. "We rowed very well especially rowing together only one week. they [Princeton and Yale] just rowed a little better." Lynch said...
They are too aggressive. "They are often inexperienced, arrogant, highly individualistic operators with no patience for team effort," says Nelson Cornelius, manager of the Merrill Lynch commodities office in Chicago. Admits Dean Donald Carroll of Wharton: "Our system has a built-in tendency to reward the aggressive loner, so we get a higher number of relatively antisocial types who display a tendency not to suffer fools...
...deal. Even Karl Maiden, the stone-faced star of American Express ads, should have broken into a smile. The American Express-Shearson marriage was part of a rapidly accelerating revolution in the U.S. financial world. Banks like New York's Citibank and brokerage firms like Merrill Lynch are now attempting to become nationwide financial centers that could eventually provide a shopper's choice of money services ranging from life insurance to traveler's checks. This trend got a big push in March when Prudential Insurance offered to pay $385 million to buy Bache Group Inc., parent company...
...money services quickly. Said Weill: "You can let your imagination run about what we're going to be doing." The amalgam's first offering is likely to be a cash management account based on Shearson's money-market funds and similar to one created by Merrill Lynch in 1977. Under that program, customers with at least $20,000 in securities or cash in an account can put that cash into money-market funds, which currently earn about 14% interest. Customers can then use special Visa cards or checks issued through Merrill Lynch in stores, restaurants or anywhere...