Word: buying
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Dates: during 1960-1969
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...Robert McLean, publisher of the Philadelphia Bulletin, plans to spend more and more time in California. Not that McLean is thinking of retiring; he has just paid out some $8,000,000 to buy the Santa Barbara News-Press (circ. 35,000) from its longtime owner, Thomas More Storke...
...Joneses nowadays," says Manufacturer Sumpter Turner happily, "you have to raise your own tomatoes in January-as well as have plenty of orchids." But there is much more to it than green-thumb-upmanship. There is the satisfaction of growing or propagating plants for the outdoor garden instead of buying them, of cutting a spray of forsythia in midwinter and "forcing" it into a golden harbinger of spring, of watching a child's pride in his own waist-high plantation, and, not least, of dropping into a city florist's from time to time to check...
...huge estate of Frank A. Vanderlip Sr., onetime president of the National City Bank. After M-G-M bought The Housebreaker of Shady Hill for around $40,000 in 1956 (it was never made into a movie), the Cheevers took off for a year in Italy, returned to buy a house in Ossining, a little way up the Hudson River from Scarborough. Mornings...
Shifting Pattern. The FCC decision permitted A.T. & T. to build its fourth cable-with Germany and France as junior partners-but also ordered that Mother Bell's competitors be given the opportunity to buy (not just lease) a part of it. Even more disconcerting to A.T. & T. was the implication in last week's decision that the Government wants to help out the company's smaller competitors. Some of Mother Bell's supporters feared that Washington might place so many restrictions on A.T. & T.'s combined voice-data communications service in the U.S. that...
More than neighborliness was behind the government's withdrawal. Foreign investment in Canadian firms declined from a $600 million peak in 1960 to $130 million last year. Canada's economy has been surging, with the result that Canadians themselves have the wherewithal to buy a larger stake in their own industry. In addition, Gordon's plan to give tax reductions to foreign-owned companies that sell at least 25% of their stock to Canadians has met surprising success. Spurred by this incentive, subsidiaries as diverse as those of Du Pont and Reader's Digest have...