Word: lynch
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...American modern dance; of a heart attack; in Manhattan. Like Choreographer-Dancers Martha Graham and Doris Humphrey, Weidman studied at the famed Denishawn School in Los Angeles, leaving to found his own company with Humphrey in 1929. Seeking to choreograph the American scene, Weidman created such works as Lynch Town, a depiction of mob violence, and Fables for Our Time, based on a series of James Thurber's stories. A dedicated teacher, he numbered among his pupils José Limón and Choreographer Bob Fosse (Cabaret, Chicago...
...done little for the celebrated small investors. Burned by short-lived rallies in the past and still struggling to pay their installment debts, they have mainly stayed on the sidelines; as a consequence, they are now finding it very costly to get back into stocks. Forecasts Merrill Lynch Chairman Donald Regan: "The little guy will start in the fall with the second phase of the bull market"-that is, after stock prices have taken their first sharp dive and begin climbing again...
...million in stock in April, Baker reduced its debt-to-equity ratio to a more comfortable fifty-fifty. So far, energy-related companies have been most successful in selling new stock. Buyers, however, remain cautious and highly selective. Two weeks ago, when an underwriting syndicate headed by Merrill Lynch brought out a $31 million stock offering for a small Massachusetts minicomputer maker named Data General, response was so poor that Merrill Lynch had to cut the price on the issue after one day, causing losses for many of the underwriters involved...
Record Profit. Unfixed commissions had been resisted by much of Wall Street for years, and their May 1 advent had been ominously labeled "Mayday" (TIME, April 28). Yet Mayday came and went with few surprises. Some firms raised commissions to small investors. Merrill Lynch, Pierce, Fenner & Smith, the industry's leader, increased rates an average of 3% on orders of up to $5,000. But Blyth Eastman Dillon held commissions at present levels for small investors, trimmed them by 8% or more on larger deals for institutional clients. Bargain brokers popped up; one advertised commission cuts...
...experience that Sawhill brings to his demanding new job covers government, finance and higher education. A 1958 cum laude graduate of Princeton (where he wrestled and played hockey), he worked for Merrill Lynch, then entered N.Y.U.'s graduate school of business administration to earn a Ph.D. in economics while also holding down jobs of assistant dean and assistant professor. Returning to business, he rose to become $100,000-a-year senior vice president of Baltimore's Commercial Credit Co. before joining the Federal Government two years ago. As energy administrator, he was known as a "tough manager...