Proposed stockbroker disclosureStockbrokers who are paid...

BUSINESS DIGEST

October 07, 1993

Proposed stockbroker disclosure

Stockbrokers who are paid to steer orders to firms that trade stocks away from the big exchange floors would be required to disclose the payments to investors under rules proposed by federal regulators.

The rule was suggested by the staff of the Securities and Exchange Commission as a way to help investors get the best deals when trading stocks.

French official takes on trade rivals

Foreign Minister Alain Juppe accused France's trade rivals of "intellectual terrorism" yesterday and expressed doubt that a Dec. 15 deadline for a new world trade pact could be met.

Efforts to conclude the pact have been jeopardized by France's adamant opposition to a U.S.-European Community farm trade accord that would cut subsidies to farmers.

Washington rejects French demands to renegotiate the accord.

Martin Marietta settles U.S. claim

Martin Marietta Corp. paid the federal government $6.7 million yesterday to settle a civil claim that a General Electric Co. division in Pittsfield, Mass., that it acquired this year overcharged the government $3.5 million on a military contract.

Computer companion to Journal

Taking its most aggressive step yet toward creating an electronic national newspaper, Dow Jones & Co. said yesterday it will join with Microsoft Corp. to offer a computer service next year called "Personal Journal" as a companion to the Wall Street Journal.

"Personal Journal" will deliver news summaries, stock quotes, sports scores and weather reports through phone lines to a new generation of hand-held communication devices due in mid-1994.

Nuclear-waste machine tested

Columbia-based GTS Duratek Inc. said that, for the first time, it operated its Duramelter machine, which converts low-level nuclear waste into glass for safe storage. The company said it ran the machine at the government's closed nuclear weapons plant in Fernald, Ohio, a Cincinnati suburb.

U.N.-Iraq oil talks founder

Talks between the United Nations and Iraq on the sale of up to $1.6 billion of Iraqi oil have failed, a U.N. spokesman said yesterday. Iraqi oil sales have been barred under U.N. sanctions imposed following Iraq's August 1990 invasion of Kuwait.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.