Word: cash
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Starting in 1958, under De Gaulle's Constantine Plan to encourage the Algerian economy, dozens of new industries have moved across the Mediterranean to Algiers to take advantage of low government loans (3% interest on up to 40% of the required capital), a ten-year tax exemption, and cash payments for every new job created. To date 269 firms (among them: Michelin, Renault, Unilever) have made the journey-so many that government officials worry about overcrowding in the city. But it is safer and more pleasant in Algiers than out in the sticks, and Frenchmen have the feeling that...
...another man might collect sculpture. In 1939 he paid $1,900,000 for two Syracuse papers after a single telephone call from a broker. Says Newhouse: "He called and said, 'Do you want to buy Syracuse?' And I said, 'Sure.' " Newhouse paid $5,250,000 - cash - for the Portland Oregonian without ever seeing the plant. Newhouse's cash re serves are so plentiful, his acquisitiveness so indefatigable, that last year he bought a $5,000,000 controlling interest in Conde Nast Publications, which publishes Vogue and five other magazines, as a surprise anniversary present...
...return. This combination-low yield, diversified ownership -is just the situation that Newhouse likes to exploit. He has had an eye on the Post for five years, but paid his first visit to Denver only two weeks ago. As usual, Newhouse's offer was made in cold cash. He offered $240 a share-a total of $3,600,000-for the 15% block held by Bonfils' daughter May-now Mrs. Charles E. Stanton-an offer that Mrs. Stanton and her husband, a Denver interior decorator, found irresistible...
...acquire others, showed himself a clever and cool reorganizer of corporations. His method is simple: he looks for faltering companies that have potential earning power and whose s tock is selling for less than the company's book value. He also likes to find a company with cash in the till to help pay the purchase cost. Evans never merges his company with others through stock swaps, instead buys the other company's stock and retires it, thus increasing the value of the purchasing company's stock. Per-share value of Porter stock increased from...
FROM speedy new quadrupod jets and slower prop planes, from fast liners and converted wartime Victory ships, 500,000 Americans will land in Europe this summer in the greatest tourist invasion in history. With curiosity and half a billion in cash, they will wander from the all-night-sun Lapland, north of the Arctic Circle, to the stoned isles of the Aegean. Some will tramp through cathedrals, others will look for the high life, and many will exhaust themselves trying to combine some of both. But Americans in Europe in 1960 are in for some surprises...