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J. Ezra Merkin took three brief paragraphs last Thursday to notify investors in his Ascot Partners fund that nearly all the $1.8 billion they had given him to invest had […]

A Treasury official waded into the debate over government-sponsored enterprises yesterday by releasing a letter she had sent to the Securities and Exchange Commission voicing concern about the way some […]

Goaded along by a stock market that seems determined to test new highs, the number of shares sold short and not yet covered rose for the second straight month, both […]

The number of shares sold short and not yet covered rose during the month ended April 8, the New York and American stock exchanges reported yesterday. Traders took advantage of […]

Winning the right to review some financial data in the deal, the Federal Deposit Insurance Corporation reversed course yesterday and agreed to support a plan allowing Michael R. Milken, along […]

A split between two Federal agencies that have sued Michael R. Milken and hundreds of other former Drexel Burnham Lambert executives may provide a wedge for an out-of-court settlement of […]

By rejecting a $1.3 billion settlement with Michael R. Milken and other former executives of Drexel Burnham Lambert because of political pressures, the Government is gambling that it can somehow […]

The Federal Deposit Insurance Corporation said yesterday that its board rejected the $1.3 billion settlement that its lawyers reached last month with Michael R. Milken, the former junk bond chief […]

With important court hearings scheduled today and tomorrow that could well determine Drexel Burnham Lambert Inc.'s future, the Federal Deposit Insurance Corporation was still wavering yesterday about whether to sign […]

The tentative $1.3 billion settlement that Michael R. Milken reached with his former firm, Drexel Burnham Lambert Inc., Government regulators and other civil litigants ran into snags yesterday as one […]

The $500 million in cash and securities that Michael R. Milken recently agreed to pay to settle the civil claims against him represents 'about 80 percent of his personal remaining […]

Many traders who had hoped to profit by betting against stocks they thought were overvalued were forced to run for cover again this month as share prices continued to rise. […]

Michael R. Milken has agreed to pay an additional $500 million and a number of his former colleagues at Drexel Burnham Lambert have agreed to pay $300 million to settle […]

William J. Gilliam, chairman of the Rexene Corporation, has walked tall as a deal maker on Wall Street, especially after he and some employees of Drexel Burnham Lambert led a […]

A reorganization announced by the American Stock Exchange last week has some Wall Street executives concerned that the changes will make the exchange less inclined to police the companies whose […]

A Philadelphia savings bank has accused Salomon Brothers Inc., the Travelers Corporation and some top executives at both of colluding to deprive the bank of money it is owed by […]

Wall Street used to regard compliance officers, the industry's in-house cops, as lowly employees who never generated a dime of revenue, the invisible ones who filled out forms and processed […]

They call it the Creditors' Ball: a hundred or so bankruptcy lawyers, bankers and investors, sipping cocktails and feasting on shrimp in the Hamptons in an unabashed celebration of the […]

Finally, there is some good news for the heavy-duty truck industry. When the latest industry figures were released earlier this month, net orders in April had surged to 9,530 trucks, […]

Companies whose stocks were unaffected by the Middle East and by the recession ended 1990 as the big winners on the American Stock Exchange. Health-care and drug companies, for instance […]

WALL STREET has long had one word of advice for Benson A. Selzer, the chairman of Tyco Toys Inc.: quit. 'If Benson Selzer resigned from the board, I could see […]

FOR five years now, Nintendo has been the Grinch that stole Christmas from American toy makers. This year, roughly 20 cents of every retail dollar Americans spend on toys and […]

LEAD: Citing a 'difficult environment' that had hurt commissions, net interest income and risk arbitrage revenues, Bear Stearns Companies yesterday reported that first-quarter earnings were down 18.6 percent from the […]

LEAD: John S. R. Shad resigned yesterday as the chairman of the Drexel Burnham Lambert Group, as the firm moved to put more outsiders on its board. The firm named […]

LEAD: A group of limited partners of Ivan F. Boesky, the arbitrager who pleaded guilty to securities fraud, received a $248 million payment yesterday, in the culmination of a complex […]

LEAD: With economic conditions becoming more treacherous and takeovers less trendy, the companies that simply did what they said they were going to do walked away last year as the […]

LEAD: Colt Industries said yesterday that its directors had approved a $660 million buyout led by senior management and a Morgan Stanley & Company investor group. Colt Industries said yesterday [...]

LEAD: Caesars World Inc. yesterday rejected a $28-a-share tender offer from Martin T. Sosnoff, a New York investor who already owns 13 percent of the company. Caesars World Inc. yesterday […]

LEAD: Drexel Burnham Lambert Inc. has helped to turn many of its clients into powerful corporate kingpins. Now Drexel is calling in its favors - 238 of them, to be […]

LEAD: The American Express Company said yesterday that it had agreed to sell a 13 percent stake in its Shearson Lehman Brothers brokerage subsidiary to Japan's largest life insurance company […]

LEAD: The American Express Company's proposed sale of a minority stake in its Shearson Lehman Brothers subsidiary appears likely to resemble another Japanese investment in a leading American brokerage. The […]

LEAD: Asher B. Edelman informed Burlington Industries yesterday that he might be willing to top the $76-a-share offer from the leveraged buyout group of Morgan Stanley Group Inc. and members […]

LEAD: Two more executives have left Merrill Lynch & Company in the wake of the staggering trading losses announced last month. The executives supervised Howard A. Rubin, who was recently […]

LEAD: Asher B. Edelman and Dominion Textile Inc. hinted yesterday in a letter written to Burlington Industries that they might raise their joint bid for the company from $77 a […]

LEAD: A leveraged-buyout group led by Morgan Stanley Group raised its bid for Burlington Industries yesterday by $2 a share, to $78. A leveraged-buyout group led by Morgan Stanley Group […]

LEAD: A spokesman for Asher B. Edelman and Dominion Textile Inc. said yesterday that were they free to participate in the bidding for Burlington Industries, they would be prepared to […]

LEAD: The New York financier Asher B. Edelman and Dominion Textile Inc. suffered a crushing setback yesterday that virtually assured the end of their three-month campaign to take over Burlington […]

LEAD: An investor group led by the Morgan Stanley Group said last night that it had won a three-month battle for control of Burlington Industries, the nation's largest textile producer. […]

LEAD: New York Stock Exchange officials said yesterday that Morgan Stanley & Company did not appear to have the right to cancel a huge stock trade by the Florida investor […]

LEAD: Six weeks after Morgan Stanley & Company rankled investors by canceling a large trade the day after it crossed the tape, the New York Stock Exchange said yesterday that […]

LEAD: After a frantic week of battling the stock market, Wall Street's brokerage firms spent the weekend cleaning up the debris and trying to assess the damage. After a frantic […]

LEAD: The stock market claimed another victim yesterday. The stock market claimed another victim yesterday. The specialist on the American Stock Exchange that handled such highflying stocks as Home Shopping […]

LEAD: From the trading floors of the big brokerage firms to the stock exchanges to the shoeshine stands in the heart of the financial district, it was clear that yesterday […]

LEAD: Wall Street has always had its contrarians. Wall Street has always had its contrarians. Enter Roger N. Gladstone, president of GKN Securities, and his two partners, David M. Nussbaum […]

LEAD: Two prominent policy makers told the Securities Industry Association convention here today that they favored repeal of the Glass-Steagall Act under certain circumstances. The brokers seemed to take the […]

LEAD: The Securities and Exchange Commission is reviewing a proposal from the American Stock Exchange that would make it easier for sophisticated investors in the United States to trade securities […]

LEAD: Though it has agreed to pay a stiff price for its settlement of securities law violations, Drexel Burnham Lambert made some of its clients happy yesterday and left others […]

LEAD: A day after Drexel Burnham Lambert Inc.'s 11th-hour settlement of securities law violations, the effect on takeovers and restructurings in which the firm has been involved was not as […]

LEAD: NO company enjoys seeing its stock price in a free fall. So after years of reassuring investors that its $2 annual dividend was safe, Avon Products Inc. began to […]

LEAD: A spot-check of longtime clients of Drexel Burnham Lambert Inc. yesterday indicated that, at least for now, clients intend to stick by the firm in spite of allegations made […]