Word: buying
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Dates: during 1960-1969
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...historic open-housing law covering 80% of all sales and rentals by 1970 was enacted, and a $5.3 billion three-year program to provide 1,700,000 units for low-income families and subsidies to help the poor buy homes...
...Coles, a Negro machinist and aviation-mechanics teacher, to ally his limping little C & B Machine Co. with Warner & Swasey in a joint venture. Together they created the Hough Manufacturing Co., whose ten Negro workers labor over turret lathes and milling machines. Warner & Swasey invested $250,000 to buy a three-story plant and provide operating capital. Coles got 200 shares (out of 2,000) in the new firm and became its president. Warner & Swasey has agreed to sell its majority interest gradually to Hough employees. Meantime, the big company helps Coles line up customers and has subcontracted some...
...free night class in business management at a local college. So far the organization has helped 24 Negroes to start businesses. Xerox teamed up with R.B.O.C. and a militant Negro organization named FIGHT to establish a Negro-owned company to manufacture transformers and metal stampings. Xerox will buy $500,000 worth of them yearly...
...gold and the pressure on the U.S. dollar. The result has been a six-month war of nerves. South Africa has stashed away all but a tiny bit of its mines' output. Meantime, it has done its best to persuade the 111-nation International Monetary Fund to buy some of that metal...
...over faltering Simca in 1963, a French solution for Citroën's problem seems remote. Bercot insists that his company will "not fall under Fiat control"-"but what he has negotiated is not too far short of a Fiat takeover. According to the reported agreement, Fiat will buy a 30% interest in Citroën, presumably from the tiremaking Michelin family, which holds 56% of Citroën. Fiat would then reduce Citroën's dangerous $100 million-plus debt, almost $56 million of which is owed to the French government. In turn, Citro...