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Securities firms outside Wall Street also felt mortal pain. In Grand Rapids, H.B. Shaine & Co., a regional brokerage with 107 employees, wound up in a merger after Monday's debacle pushed it into bankruptcy. The 4,500 accounts of the New York Stock Exchange member were taken over by Rodman & Renshaw, a Chicago firm...

Author: /time Magazine | Title: The Crash: The Shrinking of Fat City | 11/2/1987 | See Source »

...program attempts to combine the most effective aspects of the classical, more lecture-based curriculum and the small-group, problem-based New Pathways approach. The merger is being interpreted differently among the faculty; some professors see in the new prog...

Author: By David J. Barron, | Title: A New Era In Education Begins at Medical School | 8/21/1987 | See Source »

...years is long enough for an engagement. It's time for wedding bells." So said the leader of Britain's Liberal Party, David Steel, in July as he pressed for a formal merger of the Liberals and the centrist Social Democratic Party. The two political groups, which won only 22 of 650 parliamentary seats in last spring's British general election, have since 1981 formed a carefully calibrated alliance, wedged between Prime Minister Margaret Thatcher's Conservatives and the union-backed Labor Party. Last week, after a tally of ballots mailed to the S.D.P.'s more than 58,000 members...

Author: /time Magazine | Title: Britain: Wedding Bells, Then a Divorce | 8/17/1987 | See Source »

...marriage banns also led to a divorce. S.D.P. Leader David Owen, who had helped found the party as a breakaway movement from Labor, had opposed the merger, citing basic differences on defense policy. Last week he made good on a threat to resign. Steel called that "logical," while decrying Owen's opposition as "profoundly mistaken...

Author: /time Magazine | Title: Britain: Wedding Bells, Then a Divorce | 8/17/1987 | See Source »

...since a hostile takeover could cost as much as $13 billion. Some investment pros believe Pickens aims to encourage a takeover bid by a large corporation like cash-rich Ford, which might be seeking high-tech acquisitions. As a major stockholder, Pickens could reap a fortune from any such merger. Alternatively, Pickens' strategy may be to force Boeing management to enhance its share price by launching a stock buy-back...

Author: /time Magazine | Title: Blitz On | 8/10/1987 | See Source »

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