Word: firmed
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Dates: during 1960-1969
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...drilling and refining rights in Africa, Asia. Just over a year ago, ENI created a subsidiary, Snam Progetti,* to build refineries, pipelines and petrochemical plants-even for rivals. Quickly catching on, Progetti is now busy with $360 million of construction projects on four continents. Last week the yearling firm opened a U.S. branch in Manhattan, partly at the urging of such American oil firms as Esso, Phillips and Amoco, for whom it has been building abroad...
...play that kind of character an actor must forget each line after he speaks it. He must forget how he has been hurt and not imagine how he will be hurt. He is obliged to have a stage presence without having a firm stage personality...
...scholarship to Holy Cross and graduated summa cum laude in 1941. Because he hurt his back in a plane crash, Williams was medically discharged by the wartime Army Air Corps after two years, went on to Georgetown Law School. By 1945 he was working for a big Washington firm. Although criminal law was then considered déclassé, Williams willingly switched to it in 1949 and opened his own firm, which now includes 14 lawyers...
...some 24,000 people now have nearly $1 billion worth of "deposits" in such funds. Studying twelve swap funds, the Wall Street firm of Arthur Wiesenberger & Co. found that their average per-share value declined 7% last year v. a 1.2% drop for capital gains-type funds and a 2.8% decline for growth funds. The participants scarcely mind. They range from moguls down to Sears, Roebuck employees retiring with large blocs of stock, and they are mostly interested in postponing that capital-gains bite while diversifying under professional management...
...international financial center. Frenchmen can now hold accounts in foreign banks, pay for hotel bills, purchases and apartments abroad with a French check. Though foreign investment and borrowing in France remain subject to some restrictions, foreigners can now freely acquire up to 20% of the capital of a French firm, invest in French stocks, buy French property...