Word: expand
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
JOBS. The Federal Government will offer tax breaks, subsidies and other inducements for businesses to remain in poor neighborhoods, to set up plants in them or expand existing ones. As a further incentive, a National Development Bank, nicknamed Urbank, will be created to offer the businesses low-interest loans...
...owned by six European banks, bought out the bankrupt Franklin National in 1974 and now has 97 branches in New York City and Long Island. But takeovers are a small part of the trend. Most foreign banks coming to the U.S. open up quietly on their own and expand slowly into bigger and better things...
Luck actually has very little to do with the industry's cozy stance. Until 1975 the biggest producers acted as if it was more important to expand capacity than to make money. Even though the Government stood ready to buy aluminum for its strategic stockpile, an excess supply overhung the market, depressing prices. As Duncan Campbell, vice president of Montreal-based Alcan, which sells more than a quarter of its production in the U.S., puts it, "We went through our garden of Gethsemane in most of the 1970s basically because of oversupply. We were gouging each other...
...term interests of the U.S. The congressional forces opposing the sale TAR of planes to Saudi Arabia and Egypt have been strengthened by the latest hostilities in the Middle East, and may manage to veto the deal. At the same time, the U.S. is negotiating with the Saudis to expand their petroleum production in the light of the increased fuel needs expected in the 1980s. But such an expansion would require an expenditure of up to $6 billion, and the Saudis are reluctant to make it unless they receive from the U.S. a demonstration of good faith?namely, the sale...
...case, G.M. is putting its money where Murphy's math is. It will spend more than $4 billion this year, increasing to $5 billion in 1980, to expand and modernize. Murphy aims to increase G.M.'s already large share of auto markets abroad-notably in Latin America, Africa and Asia. But G.M. will invest 85% of its capital budget in the U.S., a slightly higher proportion than in past years. By next year's end it will add 30,000 jobs to its domestic employment rolls, which is particularly pleasing to the chairman, who was unemployed...