Word: exchangees
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Dates: during 1950-1959
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Ever since the summit conference at Geneva in 1955 the U.S. and Russia have been trying to work out a cultural exchange agreement. Last week, after three months of negotiations, they signed one which, if carried out in good faith, might be an important "beginning of a beginning" (as Senate...
As far as it went, the U.S.-Russia cultural exchange agreement went a good way. But measured against the idea-or even the U.S. Government's original minimum conditions-it left much to be desired. It failed to 1) bind the Russians to stop jamming U.S. news broadcasts into...
MISSILE MERGER will bring together Reaction Motors, Inc. and Thiokol Chemical Corp., two of industry's fastest-rising pioneers. In $7,200,000 stock exchange, Thiokol, which specializes in solid-fuel engines for Nike-Hercules, La Crosse and Lockheed X-17 missiles, will absorb Reaction, a leader in liquid...
From the world's largest copper company last week came a dollars-and-cents confirmation of the industry's slump. Kennecott reported 1957 earnings of $7.32 a share v. $13.23 in 1956. The drop surprised few Wall Streeters, who are figuring on similar drops for Kennecott's...
Young hoped to use the stock as collateral for new acquisitions, but Phillips froze it. He got a New York district court ruling that Alleghany fell under the jurisdiction of the Securities and Exchange Commission rather than the Interstate Commerce Commission, which approved the issue. When the Supreme Court reversed...