Word: divest
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Dates: during 1960-1969
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...their own profit. According to the SEC, the twelve knew about the company's rich new mineral strike near Timmins, Ont., and started buying up stocks before a public announcement was made. Going to court, the SEC demanded among other things that the twelve be required to divest themselves of the Texas Gulf stock, plus any profits that they had picked up as insiders...
...food distributors would be implacably suppressed. Within 60 days, he promised, administrators of all state-owned enterprises would come up with a program for cutting costs. What is more, some of the enterprises might be returned to private hands. For one thing, said Ongania flatly, the government planned to divest itself of its 36 radio stations and its single TV channel. How many other state-owned companies would be sold? Ongania had no immediate answer...
...Debatable. The decision is one of the broadest-and most debatable-ever made with regard to antitrust laws. The FTC has long worried about the increasing concentration in the food-merchandising industry. In earlier decisions it ordered three of the largest U.S. dairy chains, Foremost, Borden and Beatrice, to divest themselves of small companies they had acquired. It recently ordered Grand Union Stores to get rid of nine stores, and Consolidated Foods to spin off three chains as well as a dairy and a bakery; it is still investigating the Kroger Co. for 42 chain-store acquisitions dating...
...votes ahead of Goldwater in his campaign last year. "I am the kind of conservative who believes change is necessary to preserve freedom," he said. "We must divest ourselves of confusing labels and turn our attention to problems of human needs and goals...
...discouraging degree of sameness." Commission investigators have been busy pinpointing the power over TV programming held by what the industry calls "the three men": ABC's Tom Moore, NBC's Bob Kintner, and until last week, CBS's Jim Aubrey. The FCC's Draconian cure: divest the big three of half their prime programming time (7-11 p.m., E.S.T.), hand the task over to sponsors and independents...