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...fifth-largest brokerage firm. Hours before Fomon appeared at a press conference in New York City last week, Hutton President Scott Pierce had pleaded guilty on behalf of the firm to 2,000 separate criminal charges of mail and wire fraud. After accepting Pierce's pleas in a Scranton, Pa., courtroom, Federal Judge William Nealon fined Hutton the maximum $1,000 on each charge, or a total of $2 million. Never before had a prestigious Wall Street investment group acknowledged such a major fraud...
...Swarthmore, Pa. native wasted no time putting her name on the Ivy Rookie of the Year ballot, sending her first--and Harvard's 10th--goal of the afternoon past Grant just 13 seconds into the second half...
Sleepers are benefiting marriages as well as budgets. Before Roger and Jill Spencer of Montgomery, Pa., got theirs, he was home only twelve days in a six- month period. "When I told him," says Jill, "he didn't believe it. I missed him and all." Like many trucking couples, the Spencers share a passion for their rig. The couple's $100,000 Peterbilt truck and Double Eagle sleeper combination has won several prizes at truck shows. "It's almost like our baby," admits Jill. And for those actually having a baby? On March 15, a little girl, Julia Louise...
...fall of 1946, soon after the Red Arrow train brought him to Detroit, he realized that sales, not engineering, was his truest calling. Very well, they said to the upstart, you can sell: trucks, in Chester, Pa. Undaunted, he sold and sold and sold. During the next nine years, he hustled up the regional sales ranks. Finally, weeks after his marriage in 1956, Iacocca got called back to headquarters as a marketing manager under the chief "whiz kid," Ford Vice President Robert McNamara. Iacocca officially indulged his ^ love of the punchy phrase. Earlier that year he had devised...
Murphy does demand efficiency from the company's units, however, and that has sometimes sparked laborrelations conflicts. When Capital Cities bought the Wilkes-Barre (Pa.) Times Leader in 1978, the new management tried to eliminate some employee benefits. That led to a strike by most of the staff, who started their own daily called Citizens' Voice. The walkout is still going on 6 1/2 years later. Other newspaper acquisitions have turned out more successfully. After Capital Cities bought the Kansas City Star and Times in 1977, dozens of employees were fired or resigned. Since then, though, the company...