Word: divest
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Dates: during 1960-1969
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Last week it fell 7¾ points to close at 299¾. Doubtless the legal news will over shadow Wall Street's perennial glamour stock for some time. But there could be a benefit. In the event that IBM has to divest itself of some business, it would do so by creating a new company and distributing shares to IBM stockholders...
...management was running the company, TWA's new president, Charles Tillinghast Jr. (TIME cover, July 22, 1966), engaged in a bit of preemptive warfare. TWA hit Hughes with a suit that asked $115 million in damages (the amount was increased later), and demanded that Hughes be forced to divest himself of his holdings in the airline that he had built from a middling carrier in 1939 to a major airline. Hughes hit back with a countersuit charging that Tillinghast and the lenders were conspiring to dispossess him of his property...
...Poverty in 1964, he gave the Office of Economic Opportunity command of ten campaigns* to rescue the nation from want. Almost from the start, however, the antipoverty warriors have been fighting a losing battle on Capitol Hill. By now, a large segment of the Congress seems determined to divest the OEO of its generalship...
...book are simply blinded by their own racism. The fact that Styron is a Virginia-born white seems to discredit him instantly in the eyes of more than one essayist. Rather typically, Political Scientist Charles Hamilton (Black Power) peevishly sees Styron involved in a white man's plot to divest black people of their "historical revolutionary leaders." Novelist John O. Killens ('Sippi) writes: Styron "is like a man who tries to sing the blues when he has not paid his dues." And several essayists, without even the leavening grace of black humor, dryly accuse Styron's Turner of lacking rhythm...
...ruling that could well put an end to the acquisition of newspapers in outlying towns by metropolitan dailies, the U.S. Supreme Court last week upheld a lower-court decision that the Times-Mirror Co. of Los Angeles must divest itself of two papers it bought in 1964, the San Bernardino Sun and the Telegram. The company contended that there had been little competition for readers or advertising between its Los Angeles Times and the San Bernardino papers, published 60 miles east of Los Angeles. But in a novel application of the Clayton Antitrust Act, the judge ruled that the purchase...