1.
U.S. markets recover from steep losses
INVERNESS, Ill., Feb. 17 (UPI) -- Gordon Teach, former chairman of the National Association of Securities Dealers, died at his home in Illinois this month at the age of 91.
Teach was a prominent Chicago stockbroker for many years, but the Chicago Tribune said he was well known as well for his decision to pass on a proposal from Ray Kroc, a colleague of his at a paper cup company, to get in on the start-up of what became the McDonald's hamburger chain.
Teach got into the brokerage business while attending Northwestern University and never did complete his degree. He parlayed a sharp analytical mind and a knack for salesmanship into a successful career at A.C. Allyn and Shearson Hamill before becoming president of Illinois Co.
Teach's son, Michael, told the newspaper his father was a firm believer in long-term investing who liked to tell clients: "Don't look at your stocks. Trust what you did."
Teach died Feb. 9 of cancer at his home in Inverness, Ill. The funeral is scheduled for March 7.
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
|
SCOTTSDALE, Ariz., May 24 (UPI) --
Commercially sold Samsung smartphones and tablets will feature defense-grade cyber and information security systems under a partnership with General Dynamics.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
