Word: bankrupts
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Dates: during 1960-1969
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...plain fact is that the 13 struggling Eastern railroads can no longer survive without consolidation. Recognizing this, the ICC has already allowed the merger of the Chesapeake & Ohio with the Baltimore & Ohio, the Norfolk & Western with the Wabash and Nickel Plate. Even the bankrupt New Haven has found a partner. Two days after last week's Penn-Central finding, in accordance with the examiners' recommendation, the two roads agreed to take over the New Haven's red-ink freight business for $140 million in stock, bonds and cash. They want no part of its commuter business, which...
Connecticut's Senator Abraham Ribicoff has proposed creation of a $100 million federal emergency fund to save the nation's failing commuter railroads, the weakest link in the U.S. chain of rails. To bolster the bankrupt New Haven line, whose trustees are seeking to cancel service covering all of its 26,000 commuters, Rhode Island's Senator Claiborne Pell wants to set up a four-state authority to provide subsidies. Last week New York's Senator Jacob Javits and Congressman Ogden Reid proposed that New York, Connecticut and the Federal Government share in underwriting...
...with the sweet. Exceptional harvests all around the world will create a 4.4 million-ton surplus this year; prices have toppled from 11.18? per Ib. only last month to last week's 2.20?. Two companies operated by Julio Lobo, the world's foremost sugar buyer, recently went bankrupt by banking on a rising market. The situation is complicated by Castro's Cuba, whose crop this year is expected to rebound to 5 million tons. Russia, the world's largest grower (from sugar beets), takes a big share of Cuba's crop in return for machinery...
...food, transportation and entertainment were often too high, a fact that served to increase the size of the mile-long lines in front of free exhibits. Moses' commandments decreed high rents, high maintenance costs. Four shows, the Top of the Fair restaurant and the Transportation Pavilion went bankrupt, and many exhibits sank deeply into...
Divorced. Dick Haymes, 47, World War II vintage crooner who made more than $4,000,000 but declared himself bankrupt in 1960 after dividing it between Uncle Sam, his agents and his first four wives (No. 4: Rita Hay worth); by Fran Jeffries, 25, nightclub singer and sometime actress; on grounds of extreme cruelty (he was jealous of her rising career, she said): after six years of marriage, one child; in Los Angeles...