Word: bonde
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Dates: during 1950-1959
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...judgment stemmed from an injunction that the company sought in 1943 against the union's weekly paper, which was attacking Ward's labor policies. To get the injunction, the company had to post bond and promise to pay any damages to the union if the injunction was later thrown out of court. In 1948 it was, and the union brought suit for damages, alleging that Ward had wrecked the union. In ruling for the union, Judge Hermes held that the union had been seriously hurt as a result of the company's legal maneuvers. The union...
From Salt to Zippers. The huge expansion program, to be financed by the biggest industrial bond and stock issue in British history, was typical of I.C.I. The company has been booming from the day it was born in 1926, until now it controls a network of plants and sales offices in 19 countries around the world (more than 100 plants, 110,000 workers in Britain alone), makes 12,000 products from table salt to fertilizer and bulletproof gas tanks. In 1952 the company's gross sales hit $774 million, its gross profits more than $100 million. The tally...
Under the plan, more than $70 million in overdue bond interest would be paid in cash. Preferred stock (which rose 3⅛ points to 51 ¼ after the plan was announced) would be exchanged for a new issue of common. Common stock would be turned in for warrants, which could be exchanged for a second issue of common stock only if the Mopac earns at least $76.1 million a year before interest and federal taxes in seven consecutive years out of the next 15. The chances of such earnings, and thus of the common stock's being worth anything...
...Division. Businessman and Author Kermit Roosevelt, after serving with both the British and U.S. armies in both world wars, died in 1943 on active service in Alaska as a major. Archibald Roosevelt, 59, the only surviving son, was an infantry battalion commander in World War II, now runs a bond business in Manhattan...
Bottom Card. In Elkhart, Ind., George Lewis Jr., picked up in a raid on a local gaming house and taken to the police station, raised his $25 release bond by picking the pocket of a fellow gambler...