Will Shearson Lehman Brothers Inc. and Smith Barney Harris Upham & Co. merge back-office processing groups? Word has it that the two are holding talks, following massive layoffs in Shearson's securities processing division earlier this fall. Smith Barney too has trimmed enough over the past year to be fit for a consolidation. Stay tuned.

ADP has hired two former Quotron regional sales heads, Steve Gillin and Mike Lambke. But not without Quotron's firing off missals reminding the two of nondis

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