STOCK RALLY HAS DOW RIDING RECORD HIGH
It wasn`t easy, but Wall Street`s key index vaulted over the top Thursday, hitting an all-time high on the eve of the second anniversary of its previous peak. The Dow...
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SEC NOMINEE SEEN UNLIKELY TO EXPAND TURF
Richard C. Breeden, nominated by President Bush Monday to head the Securities and Exchange Commission, will help tilt the commission against expansion of the agency`s turf, industry sources said. Breeden,...
OGILVY DEAL ANOTHER CONCESSION TO WALL ST.
The advertising industry once was a freewheeling place where a publicly held agency often said to shareholders, ''We`re a service business. We`re creative. You`ll get your payoff eventually. Don`t be...
JOSTLED, JOLTED AND JUMPED ON, BUT JUNK BONDS STILL STANDING
After Michael R. Milken`s indictment and Drexel Burnham Lambert Inc.`s humbling, can the collapse of the junk bond market be far behind? Recent gains in junk bond yields relative to...
EXXON`S CREDIBILITY NIGHTMARE
Exxon Corp. is facing 31 lawsuits and more than 1,300 claims a month after its tanker, the Exxon Valdez, rammed into an underwater reef in Alaska and spilled 10 million...
DREXEL REPORTEDLY IN TALKS
Drexel Burnham Lambert Inc. has offered to plead guilty to certain charges, including conspiracy, if that would forestall racketeering charges that some believe could destroy the firm, according to sources...
RESILIENT ECONOMY ABSORBED THE BLOW
Shortly after the stock market crashed, many analysts predicted consumers would cut spending so much that the economy would sink into a recession within a few months. It didn`t happen;...
DONNELLEY NAMES SUBPOENAED BY SEC
R.R. Donnelley & Sons Co. said Friday that the Securities and Exchange Commission has subpoenaed the names and addresses of all the employees at the two Donnelley plants that print...
AS THE CRASH FADES, SO DOES REFORM URGENCY
Six months later, Black Monday is still referred to in brutish physical terms of disaster, like war, hurricane or avalanche. But unlike a typical emergency, the government is holding back...
RUDER PUSHES HIGHER FUTURES MARGINS
Securities and Exchange Commission Chairman David Ruder on Tuesday again endorsed a boost in margin requirements on stock-index futures, at least temporarily, to 20 to 25 percent from 12 to...