Word: bank
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Dates: during 1960-1969
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Four minutes after the new stock went on sale last week at $20 a share, its price jumped to $27. Brokers throughout the U.S. were swamped with calls for it, and buyers even lined up in Paris. The chief underwriter-Merrill Lynch, Pierce, Fenner & Smith-set up a bank of 32 Teletypes in Manhattan to take orders. In Washington, one sobbing woman asked whether she could sue a broker who claimed that he had no shares; in Houston, demand was ten times greater than the supply. Why the commotion? The federally sponsored
...Spain's technocrats has been matched by the appearance of a tough young breed of entrepreneurs. Best-known among them is Eduardo Barreiros, 44, a onetime mechanic who built the nation's biggest automotive company, recently sold 45% of it to Chrysler for $19 million. Onetime Bank Clerk Jose Maria Aristrain, 48, started a scrap-iron business as a sideline, was so successful that he opened foundries, now operates plants that turn out 60,000 tons of steel a year. At 43, Engineer Pedro Duran is the aggressive president of the country's principal ship and locomotive...
...Bank balance down. Time to do another Big Novel. But what about? The marines in World War II? Did that one already. Maybe the Kaiser's war? Ancient history. The Israeli thing, and beautiful deep-chested broads with big bandoleers standing ankle-deep in the dirt of the kibbutzim? Ah, there's a bestselling idea. Too bad, did that one too. What's left? Got it! Berlin and the airlift. It has flyers and wild blue yonders, and conflict with the Russkies, and a small band of far-seeing Army officers, and fräuleins...
...take yourself too seriously"), but concedes that he always had his sights on the top job. Warren started as a roustabout in the West, moved around the country as a geological scout and engineer, rose to become a senior vice president of New York's First National City Bank (in charge of oil matters). He joined Cities Service just six years ago, became president a year later. The ninth biggest U.S. oil company (1963 sales: $1.2 billion) has lately diversified into businesses as varied as plant foods and copper mining, and under Warren it will continue to explore...
...museum could not find the heart to send away what might yet prove good, and what might yet prove good turns out to be a stunning display of art. Now the Museum of Modern Art has room to show it, and it also has a vast willingness to bank on tomorrow, as if by definition modern art can never...