Word: trader
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...personal coup for Huizenga, 56, who may yet play a dominant role in the sprawling new company. While Biondi, 49, will remain Viacom's chief executive officer, industry leaders who know Huizenga well say he could swiftly become the real power. "He is lightning quick, a classic trader and a gambler," says an entertainment-industry executive. "He looks at Sumner, who is 70. He eats Biondi instantly. He comes out on top." In a sign of Huizenga's likely clout, Redstone flew to Blockbuster headquarters in Fort Lauderdale, Florida, last week to confer with his new partner. Says the Viacom...
...bonds are one of the few issues that have a AAA rating, the top available, from both Moody's and Standard and Poor, on their own, said another local bond trader...
...University's bond rating also beats out all but one county in the state of Connecticut, according to a local bond trader...
...They [the banks] come to Harvard with offers of how to refinance Harvard's debt and if the offer is good enough Harvard has a bond issue...kind of like a second mortgage on a house," an area trader said...
Young, a second-year Business School student, was indicted on insider-trading last month in New York and, as a result, won't receive his diploma today as scheduled. The Federal Reserve has also fined Young, a former trader for Manufacturers Hanover Trust, $500,000 and initiated proceedings to permanently bar him from banking. He could spend up to four years in jail...