Shearson Lehman Hutton Holdings Inc.: The New...
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From Times Staff and Wire Reports
Shearson Lehman Hutton Holdings Inc.: The New York brokerage said 1989 profit totaled $110 million, up 15% from 1988. Revenue rose 19% to $12.5 billion. Fourth-quarter profit was $3.8 million, contrasted with a $13-million loss in the year-ago period. The company, which is 62% owned by American Express, credited higher commissions, net interest income and revenue.
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