Paine Webber Group said that earnings fell...
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Paine Webber Group said that earnings fell nearly 43% in the April-June quarter because of a charge to cover a $28-million jury award against the country’s 11th-largest securities company. Without the special cost, the company said its earnings would have totaled $21.01 million in the most recent quarter, a 60% increase over the year-earlier period. Based in New York, Paine Webber Group is the parent company of Paine Webber Inc., a major securities firm.
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