Word: bankrupts
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...French auto business. He left the scrap business in 1926 to become the French distributor of Italy's Fiat cars. When he ran into import and tariff troubles, he took over a small assembly plant in France. In 1934, after assembling 32,000 Fiats, he bought out a bankrupt auto factory near Paris for $300,000 and organized Simca (Sociéte Industrielle de Mécanique et Carrosserie Automobile). Gradually he loosened his ties with Fiat, and today Simca, while it still uses Fiat designs on a royalty basis, is Pigozzi...
...people must know the truth about the public business. The Republican record of progressive, humanitarian achievement for the people of this state is long and proud, and shines all the more brightly in comparison to the shoddy Democratic period of stubborn, stupid and shortsighted political obstruction . . . [The Democrats are] bankrupt of political conscience and any sense of responsibility to the people . . . Never trust your city, your state or your nation to destructive demagogues, who try to torpedo sound programs and have nothing themselves to offer. Don't ever let them get elected. They will wreck any community and bankrupt...
...went bounding up (about 20% this year), as banks and pension funds sopped up the supply. When Geyer tried to cover his position, he found that he could not get the $3 million worth of securities that he owed his customers. Did this mean Geyer was doomed to go bankrupt? Said he: "If we do, it won't be voluntary." Many a Wall Streeter thought Geyer & Co.'s capitalization of $220,000 was too meager for its annual volume (well over $100 million). But at week's end some fellow brokers were rallying round, offering to help...
...Division of profits between the consortium and Iran on a 50-50 basis, a similar arrangement to that in other Middle East oil-producing countries. Revenue to the bankrupt Iranian government could amount to as much as $75 million in the first year, rising to $190 million annually by the third year. (The U.S. has given Zahedi's government $60 million to sustain it until the oilfields and refineries resume production...
ROBERT R. YOUNG won an important victory in his battle over reorganization of the bankrupt Missouri Pacific Railroad. The ICC reversed itself, approved a plan that would give some value to 828,395 shares of previously worthless MoPac common stock, 49% of which is owned by Young's Alleghany Corp...