Word: cashes
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Cold Cash...
...Rumanian cigarette import market. The dollar shop at Bucharest's Intercontinental Hotel is piled high with cartons of Kents, a tantalizing symbol of Western opulence. Among the principal purchasers are Third World students in Rumania, who supplement their meager stipends by buying Kents and trading them for cash. Such traffic, though illegal, is tolerated by the government. After all, bribery has been part of Rumanian life since the country was under the domination of the Ottoman Empire. "We were under many foreign influences," says one bureaucrat. "We learned good things and bad things. From the Turks. From the Byzantines...
...have in fact been quietly cutting back their European operations for some years, the specter of a wholesale pullout was not raised until last summer. Then, Chrysler Corp. abruptly announced that it was selling its European business to France's Peugeot-Citroën for $430 million in cash and stock in the French company. Since then, alarmist charges have regularly bobbed up in Europe's press. "The American multinationals are deserting," warns a French economic weekly. "U.S. business is at ebb tide," declares a Belgian magazine...
...interest installment loans, savings and loan banks are restricted to mortgages. In New York, Pennsylvania and other states that have usury laws, mortgage-rate ceilings are now lower than the rates banks have to pay on the MMCs. As a result, some S and Ls have begun using the cash they have received for MMCs to buy certificates of deposit paying 11% or more...
...chance that further such assaults would blacken its reputation during a drawnout struggle. At the start of the week, Amexco Chairman James D. Robinson III raised the company's bid for McGraw-Hill stock from $34 a share to $40, or a total of almost $1 billion in cash. But he promised not to make a tender offer to stockholders unless the majority of McGraw-Hill's board approved the bid- or at least agreed "not to oppose it by propaganda, lobbying, litigation or otherwise...