Word: co
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Dates: during 1960-1969
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More to Come. The stain on the image of the firm that likes to boast that it brought Wall Street to Main Street will be difficult to erase. The 15 institutional investors accused of acting on the Merrill Lynch tip-including Dreyfus Corp., the Madison Fund and Investors Management Co.-are still to appear before an SEC examiner for hearings on the Douglas case. And individual Merrill Lynch customers who feel that they were wronged by the Douglas incident may claim compensation for their losses...
...going has been so rugged for U.S. railroads that the Government has not authorized the building of an all-new road since 1924. And that one, the Wenatchee in Washington State, never got off the planning boards. But last week the Permian Basin Railroad Co. of Odessa, Texas, announced that it will begin construction in the spring and hopes to open track from Odessa to Seagraves, Texas, by early 1970. Construction costs will be a modest $9,000,000 because the all-freight Permian Basin will be only 78 miles long...
Even as millions of Swift & Co. "Butterball" turkeys were being carved last week, the Chicago-based meat-packing colossus announced that it had little to be thankful for this year. In fiscal 1968, which ended in October, sales dropped 5% to $2.8 billion, and Swift suffered a $42 million overall loss...
...Armour & Co., the second biggest packer, was the first to recognize the need for change, and is spending $250 million on new facilities. Now Swift, the biggest of all, has joined the renaissance. It is closing 250 antiquated plants, and will spend $143 million on new, decentralized packing and slaughtering houses. They will replace cumbersome, multistory buildings in such places as Kansas City and Omaha. Says Vice President Paul Steinbrink: "We are moving closer to the sources of supply, where the animals...
...they demonstrated again in last year's Six-Day War, the Israelis are tough, wily soldiers. Their ancestors weren't bad either. In a new book called Great Battles of Biblical History (published in England by Hutchinson & Co. Ltd.), retired British General Sir Richard Gale analyzes scriptural warfare from Abraham to the Maccabees. Gale suggests that, more often than not, the Hebrew military commanders anticipated many of the tactics employed by later and more celebrated generals...