Keeping Walgreens on Main St

Article Abstract:

Walgreens isn't trying to compete with WalMart, at least not on WalMart's scale. L.Daniel Jorndt, CEO of Walgreen's, walked one of WalMart's parking lots, just checking it out. He was stunned to learn that it was a 1/4-mile walk from his car to the store. He wants Walgreen's to be the convenience drugstore that you don't mind running out to for one or two small items. But you won't find Walgreen's at the corner where the stop light takes forever to change to green. He is very precise about these and other things. Maybe that's the way it is with pharmacists turned CEOs.

Marketing procedures, Drug stores and proprietary stores, Drug Store Chains, Pharmacies and Drug Stores, Demographics, Marketing, Abstract, Drugstores, Chain stores, Walgreen Co., WAG

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Some clouds dim a star of on-line trading

Article Abstract:

The postponing of an initial public offering by Datek Online (Iselin, NJ) has been attributed to an investigation of its offshore trading practices by the Securities and Exchange Commission. The SEC appears to be examining whether Datek encouraged illegal trading practices by some of more than 200 company traders in addition to offering guaranteed stock returns to customers in violation of SEC antifraud regulations. Datek, one of the country's fastest-growing brokerage firms, has 95,000 customers and $2 billion in assets.

Comment:

Investigated by Securities and Exchange Commission for illegal offshore trading practices

Government regulation (cont), Investment Companies, Open-End Investment Funds, Datek Online Brokerage Services L.L.C.

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Lazard to pay $9 million in yield-burning suit

Article Abstract:

Lazard Freres & Company has reached an agreement to pay a $9 million settlement in a civil lawsuit that was brought against it by the Los Angeles Metropolitan Transportation Agency. The agency alleged that Lazard overcharged it as part of a bond transaction in 1993. The settlement is the first time that a major Wall Street company has settled a civil suit involving a bond sales practice called "yield burning."

Comment:

Lazard Freres & Company reaches agreement to pay a $9 million settlement in a civil lawsuit

Legal issues & crime, Securities Dealers, Investment Banking and Securities Dealing, Legal/Government Regulation, Lazard Freres & Company L.L.C.

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