Word: lynching
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...virtually everyone with any connection with the default. Besides Whoops, the defendants include a group of 88 utilities in the Northwest. They had originally agreed to pay for the plants, but later some of them backed out of their contracts. Other suits name such prominent brokerage houses as Merrill Lynch, Prudential-Bache Securities, Smith Barney and Salomon Bros., which enthusiastically sold the Whoops bonds. They are accused of withholding crucial information about the agency's deteriorating finances. Even Moody's Investors Service and Standard & Poors were hauled into court because they gave the bonds high ratings. "They...
...intriguing combination of talents. To film Frank Herbert's 1965 science fiction bestseller Dune, Producer Dino De Laurentiis, 63, has attracted the likes of Director David Lynch (The Elephant Man), Special Effects Wizard John Dykstra (Star Wars) and a cast that includes Sting, 31, the leader and vocalist of rock's hottest group, the Police. In the established tradition of such rockers turned actors as Mick Jagger and Deborah Harry, Sting brings to Dune his own past credits, from Quadrophenia and Brimstone and Treacle. Not to mention an ability to whip himself up into a manic frenzy...
Going private is an increasingly popular strategy. Since the beginning of last year 36 companies have announced such plans, according to Merrill Lynch. That status protects firms from outside takeover artists, and it allows companies to avoid disclosing financial data such as sales, profits and executive perks...
...number of shades for four basic Cover Girl products: lipstick, nail polish, eye makeup and facial makeup. Noxell's competitors usually load up store shelves with a bewildering array of choices. Noxell's policy allows it to hold down costly inventories. According to a report by Merrill Lynch, "Cover Girl has the fastest inventory turnover at retail of any major cosmetics Line...
...Goldome, known as the Buffalo Savings Bank until last February. In a three-month period ending in March 1982, its assets surged from $3 billion to $9 billion, making it the second biggest savings bank in the U.S. Architect of the expansion is Ross Kenzie, a former Merrill Lynch executive vice president who became president of the Buffalo Savings Bank in 1979. Says Kenzie: "At this bank, there is a bias toward action." Goldome's acquisitions include three failing thrifts that the Federal Deposit Insurance Corp., the Government's watchdog for the banking industry, was trying to save...