Word: traders
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...manager in America, is suddenly fighting for his honor as GE faces embarrassments from its outpost on Wall Street to its half- century-old engine division in Evendale, Ohio. Chief among the problems is the mess at Kidder Peabody, GE's money-losing brokerage unit, where head government-bond trader Joseph Jett concocted $350 million of phony profits over a 29-month period before he was fired in April. Jett now claims to have been acting with the knowledge of his superiors. The scandal led Welch to sack the Kidder chairman, Michael Carpenter, whom he had installed...
...overweight Chicagoan is no Indiana Jones, he is convinced he has unlocked one of the great secrets of the ages: the location of Genghis Khan's tomb. Never mind that archaeologists have searched for the tomb for years without success. And forget that Maury Kravitz, 62, is a commodities trader and lawyer with no professional training in archaeology. His 34-year obsession with the Mongol leader has made him probably the best-informed amateur Genghis scholar in the world. About eight years ago, he found (he won't say where) what he thinks is a crucial reference to the burial...
Investigators said last week that Brach had been romanced by a horse trader who defrauded her of hundreds of thousands of dollars and had her killed when she threatened to expose him. The long inquiry into her disappearance broadened when one contact led to another in the silky world of expensive horseflesh, and stories began to emerge of heavily insured animals that were clubbed, electrocuted and burned alive. The man responsible for the death of Brach, according to authorities, was just one part of a big, sorry picture involving prominent horse owners, trainers, riders and veterinarians. In all, 23 people...
...outline of his life seems a fable of what emigration could inspire. The young artist -- Cole was the son of a small trader from Lancashire -- arrives in the aesthetically uncharted wilderness, where, self-taught, by dint of "natural vision," he begins to create a new, true and specifically American picturesqueness out of rocks, gorges, sunsets, trees and distant Indians. He is taken up by the plutocrats of his day, some with long patrician roots, like Stephen van Rensselaer III, America's biggest landlord, and others more recently arrived, like the grocery millionaire Luman Reed. Old money wanted to show that...
...Kidder, Peabody & Co. head Michael Carpenter was replaced by two GE executives as parent company General Electric tried to redeem the securities firm's stained image. The management shake-up followed a bond scandal in which a Kidder trader was accused of misreporting $350 million to bolster his bonus, as well as a projected second-quarter loss of up to $30 million...