Word: farnsworth
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Dates: during 1940-1949
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...settled for a ham sandwich. In Kansas City, Mo., police were looking for a youth who kidnaped 59-year-old Mrs. Sadie Crosner, took her money and car, then kissed her gently on the cheek with the observation that she reminded him of his mother. In Redding, Calif., Dick Farnsworth found a note on the door of his rifled store: "Get a new lock; this one is too easy...
...Elis won the first event, the 200-yard medley relay, but were disqualified because freestyler Bill Farnsworth took off before breaststroker Tom Merritt touched the end of the pool. This gave Harvard at 5 to 0 lead, but it proved to be short-lived...
Last week International Telephone & Telegraph Corp. and Farnsworth officials helped kick it farther down the ladder. I.T. & T. had agreed to buy Farnsworth through an exchange of stock, one share of I.T. & T. for twelve of Farnsworth. Since I.T. & T. was selling for $9.25 and Farnsworth for $2.87, the deal meant that Farnsworth's trade-in value was only about 77? a share. That touched off a selling wave...
...plant of the Farnsworth Television & Radio Corp. in Fort Wayne, Ind. was about as lonesome as a haunted house. Production had virtually stopped, employment was down from 2,500 to a skeleton crew of a few hundred. Because of its heavy losses (TIME, Jan. 24), Farnsworth stock, which had hit a high of 11¾ a year ago, was slipping steadily...
...next two days, Farnsworth led the big board in the number of shares traded, and dropped to 1⅞. At week's end, Farnsworth stockholders had still to approve the deal. But those who had known about it could have-and may well have-cleaned up by selling Farnsworth short. The SEC was "looking into the matter...