Word: trader
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...20th Century-Fox in 1981. He is believed to be the "mystery buyer" who the same year tried to corner the global market for tin. The Belgian-born Rich, whose family fled to New York during World War II, found his calling 30 years ago as a metals trader after dropping out of New York University. The Swiss-based commodities firm he founded in 1974, Marc Rich & Co. AG, is now one of the largest in the world, trading an annual volume of $10 billion worth of oil, gold, aluminum, sulfur and sugar, among other things. Rich's personal...
...grumbled about "hometown referees" who were making investors all over the U.S. pay for mistakes made by officials in the Northwest. Recalling the famous New York Daily News front page describing President Gerald Ford's refusal to bail out a financially floundering New York City, one Manhattan bond trader growled, "If you could write a headline about the whole sorry affair, it would read, WASHINGTON STATE TO INVESTORS: DROP DEAD!" Critics point out that the Northwest has very low electric rates as a result of its cheap hydroelectric power. If the entire cost of all Whoops bonds were pushed...
Glucksman, a burly stock-and-bond trader, joined Lehman Bros, in 1963. He is known around Wall Street as a workaholic who often arrives at his desk before 6 in the morning and rarely leaves before 6:30 at night. "We all knew that his entire life was dedicated to one day running the firm," recalls a former colleague. Glucksman said last week that he was "grateful beyond words" to Peterson for "the wisdom and understanding he has consistently displayed during the years of our close cooperation." He added, "We've been good friends, and we will always...
...price this year was $135,000, paid by Howard Kale for a chestnut mare named Parcha. Breeder and Trader Robijn den Hartog of The Netherlands was the show's major buyer. He says he spent $355,300 for 14 Tersk Arabians. About one-third of the horses sold went to Americans. Some of the rest may eventually be resold to other breeders in the U.S. Before entering the country, the horses must be checked for piroplasmosis, a blood disorder common among Tersk stock. The U.S. will not admit horses that have...
...dealings between the U.S. and the Soviets are even beginning to transcend buying and selling. A new concern called Fidelis International has struck a deal to market Soviet horses and stud services in the U.S. and Canada. Says a Soviet trade official with the terseness of a Yankee horse trader: "This is a good agreement...