Word: billioned
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Dates: during 1950-1959
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...ground was officially broken yesterday for the six billion electron volt Cambridge Electron Accelerator, with President Pusey and Chancellor Julius A. Stratton of M. I. T. wielding the double-handled spade together...
...rise in the exchange's history, but the steam soon went out of the buying wave. As in the U.S., where Wall Street had a similar case of the shakes (see BUSINESS), prices seesawed indecisively for the rest of the week. Shares listed on the exchange lost $5 billion in paper values since the market's June peak...
...market held its own Thursday, overcame an early selling surge Friday to close at 435.15. For the first time since January 1955, the market had experienced four 4,000,000-plus volume days. Despite the attrition of the early week, its aggregate value rose about $1.2 billion for the week, and the Dow-Jones average gained 1.32 points. Significantly, institutional buyers and mutual funds held fast during the market's gyrations, steadily bought up stocks-often at bargain prices...
Having won their court fight to make Du Pont give up its General Motors stock, the Government's trustbusters last week proposed their plans for the divorce. They asked that Du Pont be ordered to transfer its 63 million shares (23% worth $2.5 billion) to trustees, who would then distribute 60% on a pro rata basis to Du Pont common stockholders, sell the remaining 40% held by Du Pont holding companies after first offering it to Du Pont's common stockholders. None of the stock would be given or sold to the Du Pont family-controlled Delaware Realty...
...automakers, who spent $1.5 billion to retool for the 1958 lines, are doing their best to make 1958 a great year. Hoping to sell at least 6,000,000 cars, they have visions of even juicier sugarplums. So many motorists have paid off the debt on their present cars that 1,000,000 more potential buyers than this year will be able to buy again in 1958-maybe even enough for a 7,000,000-car year...