Word: trader
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...capita use of energy in the U.S. has dropped by more than 12% since 1978, and in West Germany it has decreased 9%. Says André Michel, an oil trader for the Swiss-based Albaco Oil Co.: "It has taken consumers a long time to respond to high prices. But things have finally begun to change. If it had happened sooner, the price of a barrel of crude today would be $15 and not more than...
Even in the Year of the Merger, last week's announcement shocked the close-knit world of Wall Street. Salomon Bros., the world's largest trader in government securities and corporate bonds, was combining with Phibro, the world's largest commodity trader. The $550 million marriage will create a new international financial juggernaut. Said George Ball, president of E.F. Hutton: "There had been inklings of some internal dissatisfaction and potential losses for Salomon Bros., but nothing that had been a harbinger of a move to sell out to another firm...
From this position of overwhelming national strength, Merrill Lynch has helped change the ways that Americans spend, save and invest their money. No longer content to be merely the top trader in stocks and bonds, the firm is gearing up to challenge such venerable Main Street denizens as bankers, real estate brokers and insurance agents. Says Chairman Roger E. Birk: "We want to service as much of a person's financial needs...
They've been bargaining for centuries. Of course, a country boy from Alabama can be a mighty good trader...
...town of Terlingua, Texas, Abrigo, a 43-year-old Anthony Quinn lookalike, is one of a network of entrepreneurs along the Mexican border who are engaged in the lucrative if often shadowy business of buying and selling cactus plants wholesale. In summer, when demand hits its peak, a cactus trader may ship thousands of the plants in a week. They wind up in plastic pots at supermarkets or in the homes and gardens of the well-to-do, from Nagasaki to New York to Nuremberg. The trouble is that many of the plants are taken and transported illegally. Says California...