Word: sec
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...stock market picture on page 88 is believed to be the first journalistic use of Kodak's new film. It was shot under available light at l/30th sec...
Most of the N.F.L.'s wealth and worries flow from television, and the strike represents a crisis for both industries. Renegotiations and readjustments between the league and the networks and between the networks and their advertisers could be devastating all around. At 30-sec. rates ranging from $80,000 on an NBC Sunday afternoon to $150,000 on an ABC Monday night, advertisers had been prepared to spend $400 million this year for the attention of pro football fans...
...Bowie all SEC center for the Kentucky Wildcats is injured and must decide whether to undergo surgery and end his college career or to left the ankle heal and continue to play jeopardizing his pro career...
Last week's agreement outlines a complicated procedure by which the SEC in cases of insider trading is allowed to make a formal request for information to Swiss authorities through the U.S. Justice Department. Under the new accord, Swiss banks will now ask customers who wish to trade in American stocks to sign a waiver that would allow the banks to reveal their names if they are suspected of insider trading. Without that waiver, Swiss financiers, under the country's bank-secrecy law, would face up to six months' imprisonment or a fine...
...SEC General Counsel Edward Greene said that the new accord will make it easier to solve the cases quietly. Said he: "The alternative, if we suspect insider trading, is to sue the banks, which is public, freeze their funds, which is public, and subject them to embarrassment. The agreement provides a procedure whereby we can conduct an investigation privately and keep the funds frozen until we can work out disclosure of the information. The banks would rather work things out in private. So would we. And that's the beauty of this decision...