Word: stockings
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Dates: during 1980-1989
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...according to the student newspaper, the college in January held stock in Raytheon Corporation and the Goodyear Tire and Rubber Company, firms which both received III level Sullivan ratings...
Only days before the sentencing, the Government's dragnet had proved effective in snagging another suspect, this time outside the Boesky ring. Israel Grossman, a 34-year-old Manhattan lawyer, was charged with sharing information about a Colt Industries stock buy-back with at least six friends and relatives. His telephone tips allegedly enabled them to reap $1.5 million in profits on their investments of just...
...anyone who watched only the Dow Jones industrial average last week would have been unlikely to sense that history's biggest stock scandal was unfolding. Opening after a three-day weekend, the Dow jumped 54.14 points on Tuesday alone, a record rise for a single session. It set an all-time high of 2244.09 on Thursday before slipping back to close the week at 2235.24. The market's reaction was in direct contrast to its performance after the Boesky revelations last November, when it plunged briefly as investors dumped speculative takeover stocks. This time, big institutions and foreign investors evidently...
...called Chinese walls of discretion between their investment-banking divisions and their trading departments. That may have been the case in one of the insider-trading arrangements allegedly started by Martin Siegel, the former Kidder, Peabody merger whiz kid who pleaded guilty Feb. 13 to charges of illegal stock trading and tax evasion. The Wall Street Journal reported last week that Kidder, Peabody's chief executive, Ralph DeNunzio, ordered Siegel in March 1984 to create an arbitrage department to speculate on takeover stocks, and to keep this special assignment secret. Reason: his arbitrage role could be seen as clashing with...
...Illinois-based food company, sued the investment house for more than $200 million in damages in a case centering on Drexel's junk- bond operation. Staley claims that last November Drexel tried to push the food company's management into a deal to buy up the corporation's stock, which would have been financed by the investment firm. Drexel called the lawsuit an "ill-conceived attempt to capitalize on the current climate" of the insider-trading scandal...