Word: lynching
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Only a day later, Manhattan-based Merrill Lynch said it plans to move 2,500 of its 13,000 workers across the Hudson River to Jersey City. Angry over the rejection, New York City Mayor Ed Koch revoked Merrill Lynch's position as senior underwriter for the city's municipal bonds...
During the '50s and '60s, bigots knew they could lynch a Black man because the Southern legal system was completely sympathetic to white supremacist claims. Today, the anti-choice activists know that the law is on their side. What limits will they set for themselves...
...stand to make hundreds of millions of dollars in advisory and underwriting fees no matter who comes out on top, had been hunting for months for a firm to derail the Time-Warner deal. Morgan Stanley gave its search for a spoiler the code name Project Clock. Merrill Lynch, another Davis adviser, assigned the name Space to its project. Citibank, for its part, stands to make $350 million in fees for putting together Paramount's war chest. At the same time, the bank manages 1.5 million shares of Time stock for its clients, on which they stand to make...
Such problems have plunged most firms into the financial doldrums. Merrill Lynch, the largest U.S. brokerage, reported last week that its first-quarter profits tumbled to $37.2 million, down 46% from a year ago. Paine Webber Group said its earnings dropped 56%, while Dean Witter's income was off nearly 40%. Shearson Lehman Hutton suffered a particularly harsh blow. After writing down its holdings in MCorp, a troubled Texas banking firm, Shearson reported a $15 million loss for the quarter. Overall, the before-tax income of U.S. securities firms slumped to $450 million, down 60% from the first quarter...
Charles J. Ogletree, who last week accepted a tenure-track position on the Law School's faculty, is a defense lawyer for Lonnie L. Gilchrist. The former Merrill Lynch stockbroker was convicted of killing his boss a year...