Word: cash
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Dates: during 1960-1969
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...bare framework of the formal Alliance has just been hammered together, but the U.S. is not awaiting treaties or paper proclamations before turning on the stream of dollars. In a striking speedup of aid since President Kennedy's speech last March, 99 loans, totaling $973 million in hard cash and credits, have been pumped into Latin America as convincing evidence that the U.S. intends to put its money where its sentiments...
Like any new toy, stereo at first appealed largely to only a narrow group. The early stereo owner was the status-conscious fellow in the neighborhood-he already had a Mercedes or didn't quite have the cash for one. In the wellappointed bachelor apartment, the stereo rig replaced the traditional etchings as a lure for the nubile. His costly equipment consisted of two speakers, two amplifiers, a special cartridge for his record player, as well as an assortment of optional gear. His stereo library was comprised mainly of trick noises and demonstration records -drum recitals, incoming tides...
Parker has received only $300, plus free medical care. Rather than cash in on his rich Texas blood, he and the Carter Blood Center propose to get the price of Rh typing serum down...
...grandson's latest feat. In one of the largest industrial mergers in U.S. history, Ford Motor Co. last week proposed to buy outright control of Philadelphia's Philco Corp. Terms: one share of Ford for each 4½ shares of Philco common, $101.50 in Ford common (plus cash equal to accrued dividends) for each share of Philco preferred. Estimated cost to Ford: $110 to $120 million...
Vertical Take-Off. With the Lehman-raised cash, Thornton and Ash bought Litton, then a small microwave tube manufacturer, and began broadening its spectrum by picking up a handful of other small electronics firms. As its stock soared. Litton found it easy to swap shares for control of larger companies. By acquiring Digital Controls Systems Inc., it got a foothold in the manufacture of compact computers that make as many as 15,000 calculations per second for aircraft in flight. A merger with Monroe Calculating Machine Co. gave Litton a chance to apply its electronic talents to the burgeoning business...