Word: millions
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Dates: during 1990-1999
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...impending bank mergers. According to federal prosecutors, the Canadian-born actress traded six times on this information and made $88,000 through an online brokerage account--often investing money McDermott sent via certified checks drawn on a bank account he shared with his wife. McDermott was freed on $1 million bail last week, and authorities issued an arrest warrant for Gannon, who was believed to be in Canada...
...really rich boyfriend." McDermott was certainly a man who knew the market, having worked his way up from entry-level research analyst to CEO of Keefe, Bruyette & Woods, a boutique investment bank. The firm was on the verge of what would have been his crowning achievement, a $100 million public offering last May. But days before the IPO, the firm canceled the deal when McDermott told his partners he was under investigation by the Securities and Exchange Commission for giving stock tips to a friend. "It wasn't until I saw the subpoena that I saw a name attached...
...Millions of French households may pass the New Year with no electricity or heating, but not because of any computer bug. The killer storm that raged through Europe over the weekend, leaving at least 130 people dead and billions of dollars in damage, has also left up to 5 million French people without electricity - and the government has admitted that many won't have their power restored by the New Year. "France's Y2K preparations are pretty good," says TIME Paris correspondent Bruce Crumley. "But nothing could have prepared for this. Here you have stable infrastructure, such as pylons, being...
...research studies. According to the Associated Press, the Drug Enforcement Administration is looking into the research programs of at least a dozen of the 535 universities currently authorized to use the whole spectrum of illegal substances in controlled laboratory tests. Federal officials say the government, which provides $250 million for universities to buy the drugs, doesn't do much to find out what's happening inside the research facilities. Whether this lapse is due to disinterest or bureaucracy, the results can be deadly: Last April, University of Minnesota researcher Dr. Keith Kajander died from an overdose of cocaine. Although...
...next May until Jan. 1, 2002. Employees can receive up to $5,250 a year tax-free for their undergraduate expenses, including tuition, books and fees. Companies typically provide the money as a re-imbursement for employees after a course has been completed. About 1.5 million U.S. workers are enrolled under the plan...