New York-based Paine Webber Group reported a...

New York-based Paine Webber Group reported a 135% increase in its fiscal first-quarter net income on a 28% rise in revenues. “All our principal operating units showed substantial improvements during the quarter,” said Donald B. Marron, Paine Webber’s chairman and president. Investment banking revenues rose by more than a third--a record quarter. Paine Webber Group is the parent company of Paine Webber Inc., one of the nation’s leading full-service securities firms.