Word: profit
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Since the crash, many legislators have urged a clampdown on program trading, in which large blocks of stocks and futures contracts are simultaneously traded to reap a quick profit from price discrepancies. The Big Board has imposed its own safeguard: a ban on the practice whenever the Dow Jones industrial average falls more than 50 points in one session. But the new study is likely to ease the pressure for more controls. Said Robert Kirby, a Los Angeles money manager who has attacked program trading in the past: "If the numbers stay like this, it may go away...
Once again the weakest institutions are heavily concentrated in Texas, where 281 S and Ls lost $6.9 billion last year. In the rest of the country, S and Ls eked out a collective $100 million profit, but the industry is sharply divided between highly profitable institutions and those losing money at a rapid clip. "The bad few are pulling down the majority," says James Barth, chief economist for the Federal Home Loan Bank Board...
Less than a week passed after Jesse Jackson's speech at the Democratic National Convention before entrepreneurs began to profit from his stirring words. MPI Home Video of Oak Forest, Ill., bought film footage of the address from a subsidiary of ABC-TV and produced a 60-minute home video titled Jesse Jackson: We Can Dream Again. The $14.95 tape was an instant success, pulling in 31,000 mail and telephone orders from around...
...least the past two months, editors at Business Week have been secretly looking for snoops: people who were apparently sneaking an early peek at the magazine's "Inside Wall Street" column in order to make a quick profit by buying stocks mentioned favorably before regular readers could do so. Last week the probe, which has been joined by Government investigators and stockbrokerage officials, finally turned up several suspects...
...Saybrook, Conn., and Torrance, Calif. Investigators were looking into reports that Dillon had been meeting at breakfast on Thursday mornings with printers coming off the night shift at the Connecticut plant. Dillon may have used the information to buy stocks on Thursday, then sold them at a profit the following Monday. The broker, who could face fraud charges, reportedly admitted to co-workers that his tips came from Business Week, but claimed he was getting an early copy at a newsstand. Investigators are uncertain whether the other brokers were in on the scheme...