Word: shearson
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...plot thickens. Turner asked Drexel Burnham, the investment banking firm, to arrange financing for a takeover, but it refused. He supposedly also approached Shearson Lehman Brothers about raising money. Officials there declined to say anything, but whisperings grew so loud that the firm put CBS and Turner Broadcasting on its restricted list, which meant that it would offer no stock recommendations on them to customers...
...Boeing 747 jetliner can earn $150,000 annually for an average 55 flight hours each month. At People Express, pilots of similar jets make $40,000 a year while flying closer to the industry average of 85 hours. Said Robert Joedicke, a transportation analyst for Shearson Lehman Bros.: "Pan Am has to set an example. It has to hold the line...
Will the 1985 rally continue? As always, Wall Street opinion is divided. Says Peter Furniss, a senior vice president at Shearson Lehman Bros.: "This is like a frat party. We're having fun now, but soon somebody is going to call the cops, and the party will be over." Furniss predicts that the Dow may retreat to 1245 before making another bullish move. Richard McCabe, market- analysis manager for Merrill Lynch, disagrees, forecasting that the Dow will hit 1300 this month. McCabe believes that several stock groups are still bargains. Among them: companies in the paper, chemical and aluminum industries...
...drifting. After an 87.5-point leap during a single week last August, the index finished 1984 in the 1200 range. Analysts last week were confident that the next move would be up. "The Dow will hit 1300 before it sees 1200 again," predicted Peter Furniss, senior vice president for Shearson Lehman/ American Express. David Jones, chief economist for Aubrey G. Lanston & Co., believes the widely watched indicator could reach 1450 by the end of this year...
...called the Super Bowl indicator. According to popular lore, the Dow Jones industrial average rises in years in which a team from the original National Football League wins the Super Bowl and declines when a member of the old American Football League is victorious. "Its reliability is uncanny," says Shearson Lehman's Furniss. That rule of thumb has been right in 16 of the past 18 years. So when the San Francisco 49ers of the original N.F.L. trounced the Miami Dolphins in Super Bowl XIX on Jan. 20, Wall Street knew it had something to cheer about...