Word: cash
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Dates: during 1960-1969
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...coffers of institutional investors that they will be forced to step up their stock purchasing. Somewhat surprisingly, mutual funds actually sold off some $124 million worth of stocks during August, despite the market rise. According to figures from the Investment Company Institute, the selloff lifted the mutuals' cash reserves to $3.5 billion, or 7.1% of fund assets. Mutual funds generally keep only 5.5% of their resources idle...
...defensive about the cost. Lately, they have been passing the word that candidates can get discounts of up to 50% on standard rates, which can run as high as $70,000 for a minute of prime time. There is only one catch: the networks are demanding full payment in cash 24 hours before air time...
Tony Franciosa is People's handsome, daring ace reporter. His editor (Gene Barry) occupies an office that is only slightly more opulent than, say, Hugh Hefner's pad. Expense-account cash is as abundant and accessible as scratch paper. The researchers are not only resolutely clever but demure, sensuous and beautiful...
...with the famous Tiny Tim visage on the cover, using the title With Love and Kisses from Tiny Tim-Concert in Fairyland. In New York Supreme Court, Tiny's lawyers argued that his vocalizing has changed as much as his name and demanded that Bouquet stop trying to cash in on his current fame. The judge agreed and slapped a restraining order on Bouquet Records...
Whatever management changes may be ahead, the acquisition apparently ends the career of Schenley's eccentric founder and chairman, Lewis S. Rosenstiel, 76. Before making his tender offer for the balance of Schenley stock, Riklis persuaded Rosenstiel to sell his own 18% controlling interest for $75 million in cash. Riklis also personally bought Rosenstiel's six-story Manhattan town house for $350,000. "Mr. Rosenstiel," said Riklis last week, "has indicated his desire to retire...