Word: morgans
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Dates: during 1980-1989
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...exchange floor, they gathered at the company's Tokyo office to toast the venture with whisky, beer and sake. "It is a historic time for us and Japan," said Walter Burkett, a general manager. Merrill Lynch will soon be joined on the exchange by two other New York firms, Morgan Stanley and Goldman Sachs, and three British companies, Jardine Fleming, Vickers Da Costa and S.G. Warburg...
...that bundle into 14 other races, making the powerful speaker California's largest single political contributor. "It's an absolute arms race," admits Brown, who only last December picked up a cool $700,000 at a fund raiser he gave in Los Angeles, featuring such celebrities as Actors Morgan Fairchild and George Hamilton. "I do marvelous events," Brown says coyly...
...board credited Government intervention in the currency markets with facilitating the dollar's recent depreciation. On Sept. 22 the U.S. reached an agreement with Britain, France, Japan and West Germany to help drive down the value of the dollar. Said Rimmer de Vries, chief international economist for Morgan Guaranty Trust: "The intervention has been extraordinarily well timed." The dollar has dropped 7.6% since the agreement was announced. Still, the board cautioned, the dollar must decline by an additional 10% to 15% in order to narrow the yawning trade...
...industrial average has scaled one peak after another. Last week was the busiest in the history of the New York Stock Exchange, as the Dow jumped 58.03 points, to close at 1535.21. "The windfall profits from merger offers have sent a fever through the market," said Byron Wien, a Morgan Stanley analyst. In a recent study, the Goldman Sachs investment banking firm estimated that corporate takeovers have been responsible for nearly three-quarters of all stock gains since January 1984. Acquisitions have raised the value of target companies' shares an average of 30%. In one mighty leap, stock of Houston...
...threat of takeover has also forced managements to take steps to boost their stock prices, which benefits all their investors. Says Robert Greenhill, a managing director for the investment banker Morgan Stanley: "Corporate America has realized it had to get much more in tune with its shareholders...