Word: financee
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Dates: during 1960-1969
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The transaction would involve trading five million shares of Xerox common stock, totaling $1.5 billion, for 19.8 million shares of C.I.T., which Xerox will value at around 70. With combined assets of $4.5 billion, the two companies are the most startling recent example of a business trend that is fast...
Reservists across the U.S. have eagerly followed Fort Meade's suit. Using similar arguments, lawyers last week were busy appealing their way to the Supreme Court on behalf of 13 members of an Army postal unit and 83 logistics troopers at Fort Lee, Va., and 23 finance clerks at...
Both the guest list and the itinerary symbolized Brown Brothers Harriman's intimate connections with U.S. industry and global finance. There were such business bigwigs as U.S. Steel's Roger Blough, Bethlehem's Edmund Martin, Columbia Broadcasting's William S. Paley, President Orville Beal of Prudential...
The council voted unanimously to send the proposal to its finance committee, where it will join a similar request previously submitted by the City's firemen. The fire-fighters asked for slightly smaller increases.
Some of the money will finance further withdrawals of the London reserves of sterling-area countries. But the amount has now been limited by individual agreements with Britain. If the British devalue the pound again, they will have to compensate their sterling allies for most of their losses. The bankers...