When going got tough, businessman kept trucking

Article Abstract:

Chancellor is a Boston, MA-based truck-leasing company. The firm has a net worth of $10 million. Chancellor, founded in 1978, has been a struggling company before the takeover of Brian Adley, its current CEO, in 1997. The firm recorded a revenue of $29 million in 1998. The growth of the company is attributed to the dynamic leadership of Adley and the company's introduction of fleet management services in addition to its traditional truck leasing operation.

Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Industrial Truck Leasing, Truck rental, Chancellor

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Banks told to be more risk ready

Article Abstract:

The banking industry should prepare themselves for possible sudden downturn in the stock market, according to Federal Reserve Chairman Alan Greenspan. The risk of big loan losses is tremendous if sky-high stock prices collapsed, Greenspan added. His speech to bank regulators at a conference in Washington echoed the comments he said during a Fed conference in Jackson Hole, WY, in Aug 1999.

Commercial Banking, Commercial Banks

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