Word: co
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Dates: during 1950-1959
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Moving Target. But wiping out Castro & Co. called for more than angry words. The government troops, trained on flat, open land, had to fight in mountainous terrain in which the rebels were thoroughly at home. Batista's forces had orders to shoot at anything that moved-but in the tangled, rain-soaked forests of the Sierra Maestra it was hard to see anything move. In the 5½ months following Castro's Mexico-based invasion, his rebels learned how to fire from cover and silently slip away to fire again. Castro kept on the move constantly, toughening...
Clarence B. Randall, retired chairman of Inland Steel Co LL.D...
Died. Sosthenes Behn, 75, co-founder (1920) and longtime chairman of the board of International Telephone and Telegraph Corp.; of a heart ailment; in Manhattan (see BUSINESS...
...while the cost on bonds that were rated a bit lower was as much as 4.68%. On some bonds the yields topped those of blue-chip stocks; Columbia Gas System's 5½% debentures were sold at a premium that made their yield 5.40%, while Georgia Power Co.'s 5¼% first-mortgage bonds had a yield...
...competition for available funds, many borrowers decided to wait. The U.S. Public Housing Administration, which borrows funds for subsidized-rent public-housing projects, announced it would be out of the bond market until fall unless money loosened up considerably. Southern California Edison Co., after taking a look at the market, withdrew a $30 million preferred-stock issue until the time for borrowing was more propitious...