Word: wertheim
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Dates: during 1980-1989
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...Bell's report did single out offenders and called for changes in the way Hutton does business. "I think we got the facts," declared Bell, whose team of 14 lawyers interviewed more than 370 current and former Hutton employees. Says James Hanbury, who studies Hutton for the investment firm Wertheim & Co.: "Bell was tougher on Hutton than I expected. You can't call this a whitewash...
...Chicago's Continental have made investors nervously look around at the whole banking system. Only a $7.5 billion Government-led rescue kept Continental (1983 assets: = $42 billion) from becoming the largest U.S. banking casualty in history. Said James Hanbury, a banking analyst for the Manhattan securities firm Wertheim & Co.: "After Continental, investors are acting first and asking questions later...
Despite the financial community's reaction to individual stocks, sales for the industry are still robust. Video games have been among the bestselling items this season in the face of generally flabby retail sales. Says Leisure Industries Analyst David Londoner of Wall Street's Wertheim & Co.: "We don't think the market for cartridges will peak until 1984 or 1985." But Londoner adds, "I don't think the stock market will continue to be enraptured by video games." While millions of Americans will still be looking for a Donkey Kong or Frogger game under their trees...
...unexposed film. In their changed shape the crystals now are flatter, with more of their surface area being exposed to light on the film itself. This lets less light do more work, thereby making the film faster. Says Stanley Morten, an industry analyst with the investment firm of Wertheim & Co.: "This is not something that could have come out of a basement or a garage. The product re-establishes Kodak's superiority in all types of emulsion film after a decade in which the Japanese and other foreign competitors had started producing some film as good as Kodak...
...industry observers, these corporate unions are as natural as marrying the girl next door. Minerals and mining give the oil companies an opportunity to use their expertise in geological exploration at a time when many other areas of diversification have been blocked. Asks Wall Street Analyst Joseph Clark of Wertheim & Co.: "Where else can the oil companies go?" They can hardly buy up more oil and gas properties without running afoul of antitrust laws. At the same time, oil companies' investments outside of natural minerals have often been bummers. Exxon has reportedly lost heavily on its venture into office...