Word: biggest
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Dates: during 1940-1949
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Lord Kemsley, owner of Britain's biggest newspaper chain (22 papers), testified: "The notion that I sit at my desk examining every piece of news as it comes in and saying 'publish this' or 'don't publish that' ... is too fantastic . . . [But] of course I am consulted and give decisions." Lord Beaverbrook, a lusty battler for free enterprise and Empire first, snapped: "I run my papers [Daily Express, Evening Standard] purely for the purpose of making propaganda ... On the few occasions when [my editors] have had different views on an Empire matter to myself...
...effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces. It was the biggest of the long list of antitrust suits the Government has filed against the company since 1907, when Hercules Powder Co. and Atlas Powder Co. were carved out of Du Pont...
...general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in the first quarter of this year, an increase of 26% over 1948. Said Edmund Brown Jr., president of Manhattan's fast-selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year we're running at the rate of $12 million." The open-end trust business, combined with the $1.7 billion assets owned by the so-called "closed-end" trusts...
M.I.T. is still the biggest of the open-end trusts. In Boston, where the managing of other people's money has always been the highest calling (short of the pulpit or the presidency of Harvard), M.I.T. does not suffer from the fact that a Cabot, a Lowell and an Adams are on its advisory board-and that Merrill Griswold, its Harvard Law School-trained chairman, was once married to a Lowell...
...years' dividends. And as funds are usually invested in a wide segment of the market, they must inevitably depreciate when the market as a whole is going down. Thus, most investment companies will be just as healthy, in the long run, as the total U.S. economy. Their biggest virtue is that they are giving more & more small investors (stockholders now exceed 1,000,000) a widespread stake in that economy...