Wall Street firms retreat from index arbitrage trading
Major firms including Morgan Stanley Bear Stearns Paine Webber move to curtail or abandon index arbitrage amid volatile markets and calls for regulatory change. Goldman Sachs Merrill Lynch and Dean Witter push for limits as Dow tumbles and Coca Cola suffers heavy selling driven by program trades.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Wimaege Ulugke
Morgan Stanley & Co
Morgan Stanley
Bear, Stearns & Co
Suma
Wee
Paine Webber
Goldman, Sachs & Co
Merrill Lynch & Co
Dean Witter Reynolds Inc
Dhumily Area
Ty Ith
Coca-Cola Co
Altman Stores Face Major Losses Amid Sale Talks
B Altman faces monthly losses since September with full year negative outlook while 1988 saw breakeven. Six stores in New York area and one in Cincinnati. Manhattan outlet on 34th Street and Fifth Avenue accounts for about half volume. Hooker Corp of Australia seeks buyer. Finances Inc. and Pyramid Cos. lead bids among four groups. Plans for Syracuse openings via Oi City are uncertain.
MENTIONED IN THIS ARTICLE
Altman
New York
Cincinnati
Manhattan
34Th Street
Fifth Avenue
Hooker
Hooker Corp
Australia
Gilbert Harrison
Finanes Inc
Mergers-And-Acquisi
Tions
Harrison
Michael Babcock
Pyramid Cos
New York State
Rebuilders cashing in after quake with vast repairs surge
Engineers, architects, contractors and masons profit as thousands of buildings are fixed. Lawyers expect civil suits within 45 days after claims go unpaid. Survivors and families pursue negligence claims while builders, glaziers, plumbers and inspectors rush to repair, replace and assess structural damage across the Bay Area.
MENTIONED IN THIS ARTICLE
Belli
Santa Cruz
San Francisco
Marin County
East Bay
Fisherman's Wharf
Hardhit Marina
Bay Area
Mina Talebzadeh
West Bay Glass Co
West Bay
Louis Bobrowsky
Pein Rene
Panna
True Outlet Stores Show Real Deals and Name Tricks
Bargains come from manufacturers direct with outlet stores, but many shops fake the label by rebranding. True outlets, owned by manufacturers, offer about 40 percent savings, up to 70 percent during seasonal sales, though quality is mixed and many use secretive locations to avoid direct competition.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Randy Marks
Fresdeet
Outlet Bound
Value Retail News
Manufacturers’ Trade Magazine
Marks
London Fog
London Town
Izod Lacoste
Palm Beach
Department
Thayer
Fall River
Mass
Reading
Kittery
Maine
Outlet Consumer Reporter
Connecticut
Flat-fee brokers grow in real estate market shift
A growing network of flat-fee real estate brokers emerges across the nation offering services for a fixed price. Buyers and sellers save on commissions, as seen with a Cincinnati family using Homeowners Concept, then moving to Potsdam. Firms such as WHY USA, Help-U-Sell, and Sell Your Own Home charge 990 to 3500 for pricing, marketing, and closing handling.
MENTIONED IN THIS ARTICLE
Mike
Roxanne Argenbright
Ily
Cincinnati
Potsdam
WHY USA
Phoenix
Salt Lake City
Kansas City
Syracuse
Pension turmoil shadows private plans and tax tips
Amid confusion over pensions and tax rules, experts warn that private funds face risks from mismanagement and opaque accounting. Labor officials flag potential abuses by fund operators while urging adherence to standards to protect retirement promised to millions.
MENTIONED IN THIS ARTICLE
Brian Hyland
Raymond Maria
Ben
Hyland
S&l
Maria
Thhose
Seattle
Cau
Audi
Also Mentioned on This Page
B. Altman
Zoomplate
Oursenrce
Fiock Distributors, Inc
Crossroads Park
Liverpool
Permatex
Mir
Eric Bird
Sui L
International Associaton of Financial Planners
LAFP
Patricia Houlihan
Cavill & Company
Washington, D.C
IAFP
Houlihan
Florida
Peter Weaver
King Features Syndicate
Ing
Bruce Mager
Money Magazine
Wainares
Momlas Ter
Avsy
Manes
Treasury
Department of Labor
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