Florida firms sue Bear Stearns over margin chaos crash
Two Florida limited partnerships led by Boca Raton based outfits filed a federal suit in Manhattan seeking at least 100 million in punitive and compensatory damages. They accuse Bear Stearns of panic mismanagement and breach of fiduciary duty as it liquidated margins after Mondays 508 point Dow decline, alleging improper pricing and delayed margin calls.
MENTIONED IN THIS ARTICLE
EW York
Florida
Bear, Stearns & Co
Wall Street
Manhattan
Pompano- Windy City Partners Ltd
East Wind Associates Ltd
Boca Raton, Fla
Bear Stearns
Fabianne Gershon
Dow Jones
Pompano
Florida Partnership
East Wind
Pomppano
Chicago Futures Commission
Index Futures Group Inc
Tokyo
United States
London
Financial Times-Stock Exchange
Reagan
Congress
U.S
Branstad disappointed in US West facility decision
Iowa officials expressed disappointment after US West chose Colorado for a 50 million research facility employing about 1500. Governor Branstad praised Iowa's efforts and lessons learned while acknowledging Colorado's stronger university ties and education focus influenced the decision.
MENTIONED IN THIS ARTICLE
Branstad
US West
Des Moines
Terry Branstad
Colorado
Iowa
Dick Vohs
Friday
US West Board
Jack MacAllister
University of Colorado
Colorado State University
Vohs
MacAllister
Allan Thoms
Town Department of Economic Development
Thoms
Fof Developments
Calm Returns After Incredible Week in U.S. Stocks
U.S. markets steadied after a wild week with shortened trading hours and lower volume. The Dow rose marginally to 1,950.76 as NYSE and NASDAQ indices softened, following a Monday plunge that wiped over $500 billion. Investors cited improved economic news, including a 0.2 percent rise in consumer prices and stronger GDP, as reasons for regained calm amid continued volatility.
MENTIONED IN THIS ARTICLE
New York
United States
New York Stock Exchange
Ls Fed
NYSE
American Stock Exchange
Wilshire Associates
Thomas Czech
Blunt Ellis & Loewi
Consum
Edward P. Nicoski
Piper Jaffray & Hopwood Inc
A.C. Moore
Argus Research
Hildegarde Zagorski
Prudential Bache Securities Inc
Exxon
International Business Machines
American Telephone and Telegraph
Dow Chemical
General Motors
Standard & Poor
S&p
Iowa
Procter and Gamble
Penwest
Weyerhaeuser
Kidde
Longview Fibre
Pioneer
Economy shows strong third quarter growth despite stock drop
Government data show GNP up 3.8 percent July to September driven by higher consumer spending and business investment while inflation cools to 0.2 percent in September. Analysts warn stock market plunge could spark recession early next year and weigh on consumer confidence.
MENTIONED IN THIS ARTICLE
John Manley
New York
Smith Barney, Harris Upham & Co
Manley
Wwasmumuius
Vs. Econ
Commerce Department
Carsal
GNP
Reagan
Labor Department
Hemline theory in flux as markets slide in 1980s
New York AP reports market strategist LeFevre of Advest says hemline theory shifts from leading to lagging indicator in the 1980s. Fashion now follows the market as skirts rise despite a plunging stock market, with a historical pattern noted from the 1920s to 1980s.
MENTIONED IN THIS ARTICLE
New York
Fevre
Advest Inc
LeFevre
Iowa official urges shift to value added exports in Europe
Iowa Agriculture Secretary Dale Cochran returned from a 10 day Europe tour urging higher quality raw goods and more value added exports to maintain market share. He noted Europe favors oil content and lower foreign material in grains and pressed for changes in grain standards and new funding for value added promotion.
MENTIONED IN THIS ARTICLE
Iowa
Europe
Rotterdam
U.S
Cochran
Congress
America
European Economic Community
Also Mentioned on This Page
Gazette
Associated Press
Wealth
Peeres
Farm News
Midwest
C.R. Gi
E.l. Live
Jock
Joliet
Chicago
Sioux City
Omaha
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