Word: trader
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...Merrill Lynch will employ mostly Japanese as traders on the exchange floor, where transactions are carried out with hand signals that are based on the Japanese language. The company's first American trader is Raymond Forbes, a New Yorker. He speaks fluent Japanese and has already spent four months at the Tokyo exchange as a trader for Nikko Securities...
...night and resembles a quattrocento fresco of an obscure saint, Giuliani has put the Southern District into overdrive. Under Giuliani, the office has prosecuted three of the largest tax-fraud cases in U.S. history; he cites with satisfaction the $200 million settlement in the case of fugitive Commodities Trader Marc Rich. Giuliani asserts that the office prosecuted more insider- trading cases last year than at any other time in its history, a number greater than all the other districts in the U.S. combined. Last week Giuliani took the lead in investigating a burgeoning New York City parking-violations scandal that...
...Geraldine Ferraro at the University of Wisconsin at Madison. Speaking at the University of Chicago, Mulroney used the occasion to drive home his view that protectionist trade policies lead only to isolation in international politics. Said he: "I know that President Reagan shares this view. He is a fair trader, and I echo his words: 'Protectionism is destructionism.' All who believe in the benefits of a more open world trading system must take a stand...
...telltale check was written by onetime Currency Trader J. David Dominelli, who is serving a 20-year federal term for fraud and income tax evasion. Dominelli's business partner and ex-girlfriend, Nancy Hoover, gave Hedgecock the money used on his house. Dominelli and Hoover are slated to be tried later, along with Political Consultant Tom Shepard, through whose firm hidden money passed to the Hedgecock campaign. Hedgecock's attorney, Oscar Goodman, said he will seek a new trial or, failing that, appeal the jury verdict. Hedgecock also faces legal action by California's Fair Political Practices Commission, which...
Energy-industry insiders saw the Saudi negotiations as an effort by Riyadh to pressure the rest of OPEC's 13 members into halting the now common practice of selling below official prices and exceeding their production quotas. Said a Japanese oil trader stationed in the gulf region: "First and foremost, this netback scheme is a warning to OPEC and non-OPEC oil producers that they must all take coordinated action or the Saudis will go further." As if in confirmation, Yamani warned that a ruinous price war could develop by next spring unless OPEC members stuck to official quota...