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| | Corporate Finance |
 | | Paine Webber, the fourth-largest U.S. securities firm based on the number of brokers, said net income rose to a record $100.8 million, or 99 cents a share, from $100.5, or 96 cents, a year earlier. |
 | | Paine Webber's Mitchell Hutchins Asset Management Inc. unit saw the assets it oversees decline 2.8 percent to $44.6 billion, even as an estimated $57.05 billion flowed into equity funds during the quarter, and investors put an additional $4.57 billion into bond funds, according to the Investment Company Institute, a mutual fund trade group. |
 | | And at Paine Webber Group, the fifth largest securities firm in terms of the number of brokers, earnings rose 0.3 percent to a record, as its main business, catering to individual investors, was almost flat. |
| som.gmu.edu /sba/FNAN731/CNLUSER.htm (15699 words) |
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