Word: divest
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...role is a planned merger with Decca Records (which controls Universal Pictures). In the new combination, MCA will be the senior partner, thus making it overnight into a major Hollywood studio. At the same time, partly as a result of prodding by the Justice Department, MCA will probably divest itself of its talent-agency business, which last year amounted to only $8,400,000, v. $72.6 million from television films and studio rentals...
After 13 years of courtroom hassling, the epic legal battle between the U.S. Government and the Du Pont Co. seemingly reached an end last week. In a 26-page final decree, Chicago's Federal Judge Walter J. La Buy ordered Du Pont to divest itself within three years of the $3.5 billion worth of General Motors stock that, according to Justice Department trustbusters, has given Du Pont undue influence over the auto company. To prevent possible resurgence of Du Pont influence over G.M. in a new form, La Buy also extended the divestiture order to two other groups...
Whatever its actions in the past, the department now appears only too happy to divest itself of Mr. Feininger's courses. And, presumably, it has found in the Carpenter Visual Arts Center the proper closet for these discarded classes--even though the full faculty has officially recorded its disapproval of a plan to create a "Division of Studio Arts" at the Center that would be able to offer courses in painting, sculpture, architectural drawing, and even acting. (This idea, incidentally, can be traced to the 1955 Brown Report on the Visual Arts which first planted the idea of building...
Divorce & a Horse. Divorce was Giesler's other specialty. Married twice himself (he had two daughters and one son), he helped Barbara Hutton divest herself of Cary Grant, took the side of Lady Sylvia Ashley against Clark Gable, Marilyn Monroe against Joe DiMaggio. In his most bizarre case, he defended the life of a horse named Tom Boy whose owner's will had decreed that the stallion should be destroyed to save him from mistreatment; and in perhaps his most celebrated case, he won an acquittal for Charlie Chaplin, charged with a violation of the Mann...
...Moving out of his father's shadow, Gilbert W. Humphrey, 45, president of Cleveland's M. A. Hanna and son of former Secretary of the Treasury George M. Humphrey, announced that Hanna plans to divest itself of operating control of its vast coal, iron ore, and shipping interests to set up as a closed-end investment company. Board chairman of the reorganized firm, which will have assets of $500 million and a liquid working capital of $60 million to spend on diversifying its investments: "Bud" Humphrey...