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...divided on how the industry can be revived. New York Stock Exchange officials are considering commission-rate increases; that might bolster brokers' incomes temporarily, but it seems a dubious way to win back customers. Many brokers would like the Nixon Administration to rescind its "voluntary" 4% guideline on dividend increases, so that common stocks can compete more effectively with bonds and other fixed-income securities. To win back investors who have turned to commodities for fast action, the American Exchange is considering a plan to allow trading in options, which are agreements to buy or sell a stock...

Author: /time Magazine | Title: WALL STREET: Valley of Despair | 6/11/1973 | See Source »

...board's selection of Solti. That choice was made, says Sudler, a Chicago realtor, on the basis of "just what a good businessman would do. First you get the best possible product, then you let the world know that you have the best possible product." The first dividend was a homecoming parade in 1971, arranged for the entire orchestra. It was enthusiastically promoted by Mayor Richard Daley, with Solti riding high and proud in a lead car-and not all that common in Chicago, folks actually carrying violins in their violin cases...

Author: /time Magazine | Title: Solti and Chicago: A Musical Romance | 5/7/1973 | See Source »

...Eliminating the cost of servicing small shareholders. Even the owner of a single share, if he holds on to it, must be issued annual reports, proxy statements and an individual dividend check...

Author: /time Magazine | Title: WALL STREET: The Rush to Rebuy | 4/9/1973 | See Source »

...boosted A. & P.'s sales, it has so far savaged A. & P. earnings. The company lost more than $50 million in the first three quarters of fiscal '72 (compared with a $16 million profit in the equivalent period of '71) and skipped a quarterly dividend last month for the first time since...

Author: /time Magazine | Title: DEALS: Whoopee with WEO | 2/12/1973 | See Source »

...years amid a virulent inflation rate that rose to 7.3% in 1972, has kept Umberto hopping from one crisis to another. Last year alone Fiat production fell short by 200,000 cars because of strikes. As a result, the company failed to show a profit or pay an interim dividend for the first time in its history. The prospects for an improved labor climate and an end to Italy's recession this year are mixed, but the younger Agnelli expects Fiat to end it in the black. Declares Umberto: "Our only defense is to be constantly on the offensive...

Author: /time Magazine | Title: ITALY: The Other Agnelli | 2/5/1973 | See Source »

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