Word: lynching
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Dates: during 1990-1999
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...Justice Department is investigating allegations of price fixing and other anticompetitive behavior on the national over-the-counter stock market. The probe follows about a dozen lawsuits filed in July that charge that some of Wall Street's largest brokers, including Merrill Lynch, Lehman Brothers and Alex Brown, have an unspoken agreement to fatten profits by charging excessive spreads on NASDAQ stocks. The effect: slightly higher prices for consumers when they buy stocks, and slightly lower prices when they sell. NASDAQ denies any price fixing, maintaining that the spread is determined by the forces of supply and demand for each...
...have a brokerage account at either Paine Webber or Kidder Peabody, you may want to get ready for some changes. Paine Webber announced it will buy Kidder Peabody from General Electric for $670 million. The move will make Paine Webber the fourth largest brokerage firm in America, after Merrill Lynch, Smith Barney and Dean Witter. On the bright side, the move should strengthen the firm's already considerable research and investment resources. On the down side, though, some analysts speculate that as many as half of Kidder's 5,000 employees may be laid off eventually...
...accomplish this, Aristide appealed to his supporters to surround the court building, which they did, not-so-subtly threatening to lynch the justices if they did not comply. Fearing for their lives, they...
...distributed internationally are 250,000 programs in five languages; the 170,000 at newsstands and bookstores in the U.S. sell for $10. A billboard campaign will be launched in major cities. Rudas reports successful negotiations with the FAA to encourage the diversion of air traffic from the stadium. Merrill Lynch is providing 56,000 binoculars to those lucky enough to attend. Add to that the usual souvenir paraphernalia: coffee mugs, baseball caps, T shirts. Top of the line: a $250 enamel box (nothing's in it). After the CD and the video are rushed out at the end of August...
...walk out," says the TV-industry executive, "not as a failure, but as someone who took the company and turned it around. Now he's a winner: he's probably $400 million ahead of his original investment, and he's still got 10% of the new entity." Merril Lynch's Vogel sees the merger as "Tisch's exit strategy. He was having a problem chasing out. This is one way of solving that problem...