Word: consortium
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Dates: during 1960-1969
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Inconclusive Results. Last week, despite the hazard of winter storms with hurricane winds, two other rigs also drilled off West Germany for a German-American consortium. More rigs are converging on the area from as far off as Borneo, and shipyards from Belfast to Kiel are turning out drilling platforms to overcome a worldwide short age. All this activity is a result of the mammoth pocket of gas that was discovered in 1959 by Esso and Shell in the coastal Dutch province of Groningen near the German border. Seismic tests have since convinced oilmen that the North Sea may contain...
...terms, he has stood for fiscal responsibility, a balanced budget and incentives for industry. He is campaigning for a fifth term this week on a platform of lower taxes, lower living costs and better breaks for small businessmen. He has raised Bologna's credit so high that a consortium of banks recently offered the city an $18 million loan. Even his enemies concede that Dozza is both honest and efficient. In fact, the only unorthodox thing about him is that he is a Communist...
...plaintive announcement that "policy differences" would not deter them from "proceeding vigorously with plans which have been under consideration for strengthening the company's operations." But President Joe Culligan was still to be heard from. With the powerful support of Boston Banker Serge Semenenko, who put together the consortium of banks that saved Curtis last year, Culligan ripped the whole thing wide open again as he lashed back at his foes. Blair and Kantor, he decreed, were henceforth "relieved from all duties" and "placed on inactive status with temporary leaves of absence pending further action...
...what is believed to be the biggest industrial deal yet between Communists and capitalists, a British consortium last week signed a contract to erect an $84 million polyester-fiber plant in Siberia...
...fertilizer plant-and that set the precedent. Since then, Britain has opened negotiations for a $112 million, 15-year credit so that Russia can buy a prefabricated chemical plant. Italy granted a ten-year credit to the Czechs for a metal-galvanizing plant. Not to be outdone, a powerful consortium of French banks recently arranged to grant the Soviets $380 million worth of seven-year credits, pending almost certain approval by the French government...