Word: bonde
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Dates: during 1960-1969
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Though the company mounted several fine productions during its first few seasons, there was grumbling about Kelly's slick Northern ways, about "buying foreign" and "squandering" money on opera. Salvation came in the form of two Dallas millionaires with the unlikely names of James Bond, now president, and Henry Miller, chairman of the board. From their pockets and those of friends, they corralled enough contributions to help the company through its financial crises...
...bullish 1965, the No. 1 glamour stock was Fairchild Camera and Instrument, which soared from a low of 27 ¼ to a high of 165 ¼, the biggest percentage gain of the year. The company owed its gargantuan gain to its pinpoint-tiny microcircuits-the new electronic marvels that bond and fuse complete, complex electrical circuits onto a sliver of silicon. In early 1966, Fairchild stock continued to rocket, finally hit 2161, a hefty 65 times earnings, before it began to recede. Last week it went into a big fall, and took other electronics stocks down with...
...Film Bonanza. Mergers to gain new management, more operating cash and some diversification are today's fashion. Last month Paramount Pictures became part of Gulf & Western Industries, which has grown into a widespread company with $317 million in sales. United Artists, though enjoying robust health after its Bond and Beatles bonanzas, is nonetheless looking for further monetary security as well as diversification. A proposed merger with Consolidated Foods was recently turned down by stockholders. But the company is still looking, with Transamerica Corp., a financial holding company, currently said to have the inside track. Such hardheaded business decisions...
...national banks, James J. Saxon became one of the Government's most activist bureaucrats and one of the most contentious. He chartered more than 500 new banks, permitted 510 banking mergers, and empowered commercial banks for the first time to get into revenue-bond underwriting, the direct-leasing business and insurance selling. Along the way, he irritated two U.S. Presidents and obstreperously tangled with such Washington Pooh-Bahs as Robert Kennedy, William McChesney Martin, Nicholas Katzenbach, Senator John McClellan and Congressman Wright Patman-as well as leaders of the Securities and Exchange Commission, the Federal Deposit Insurance Corporation...
Died. Sir "Evelyn Wrench, 84, a wellborn journalist from Northern Ireland and longtime chairman of The Spectator, who in 1918, in order "to draw together in the bond of comradeship the English-speaking people of the world," founded the English-Speaking Union of the Commonwealth, to facilitate cultural exchanges, give scholarships, hold conferences, in 1920 founded a U.S. counterpart, saw the groups grow to more than 100,000 members; of a heart attack; in Marlow, England...