Word: webber
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Meanwhile, Lilco cannot charge its customers for much of its mushrooming costs, currently estimated at $400 million a month in interest and other overhead, until Shoreham begins to provide electricity. Says Paine Webber's corporate vice president Peter Jadrosich: "If they don't bring Shoreham into service, they're going to bleed to death...
...Bourgeois Gentilhomme, who was delighted to discover that he had been speaking prose all his life, even composers with the most commercial motives may turn out to have been writing memorable, lasting scores. Two of the most electrifying operas of the '70s, for example, were Andrew Lloyd Webber's Evita and Stephen Sondheim's Sweeney Todd...
Shake-outs and cutbacks are likely to continue. Says Lee Isgur, a leading video analyst with Paine Webber: "Cost-awareness fever has struck. The previous period can be looked upon as cable TV's infancy...
Rival financiers originally laughed at the proposal, but last week they stopped abruptly. Dean Witter Reynolds paid Merrill Lynch $1 million in an out-of-court settlement in a case involving patent rights for the CMA. The legal battles over the CMA, though, have only begun. Paine Webber has gone into federal court in Delaware questioning the validity of the patent, and Merrill Lynch reportedly is considering suits against Prudential-Bache and Shearson/American Express, which also have CMA clones...
...detectives to find such other scarce playthings as Return of the Jedi characters and Masters of the Universe figures. Many merchants, having grown accustomed to lackluster sales, ordered relatively small amounts of stock and now they are regretting it. Says Analyst Stuart Robbins of Wall Street's Paine Webber Mitchell Hutchins: "Last year retailers were worried about paying their mortgages. This year they're worried about having enough merchandise...