Bankers wrecked Wall St. research, says Jenrette

Article Abstract:

The research function of brokerage houses has been assumed by investment bankers with the result of reducing the quality and quantity of brokerage research by around four decades, stated brokerage/investment banking firm Donaldson, Lufkin & Jenrette founder Richard Jenrette. Investment research has become heavily dependent on investment banking, noted Jenrette. In fact, research by Wall Street has become superficial and applicable only for the short term. Jenrette observed that the US stock market can produce more damage if it crashes again because of the number of retirement funds existing.

Marketing procedures, Research Findings, Investment Advice, Geographic, Bank Investment Advisory Services, Securities Investment Advice, Investment advisers, Article

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ASTA says Bear Stearns report doesn't add up

Article Abstract:

The American Society of Travel Agents (ASTA) has disputed a Bear Stearns study on the Internet travel business that predicts that 25% of travel agents could lose their jobs as the online booking of trips increases. ASTA claims that the investment banking firm misinterpreted statistics provided by the Airline Reporting Corp. This report indicated that there are 45,000 travel agencies. ASTA says the figure includes 12,000 satellite ticket printers. ASTA also argued that there was a net decrease of 394 agencies in 1st half 1999, and not the 1,800 reported by Bear Stearns.

Travel Agencies, Travel Agents

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Newspapers fend off extinction from 'Net, says NAA chairman

Article Abstract:

Newspapers succeeds in fending off competition from the Internet, according to William Morris, chairman of the non-profit Newspaper Assn of America during a 'state of the industry' speech in Washington, DC, on Sep 28, 1999. Morris, who oversees an organization that has over 2,000 papers as members across the nation, said newspapers keep its lead in being the top advertising medium in the US.

Newspaper Publishers, Newspapers

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