Word: firmed
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Dates: during 1960-1969
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...insider," by Wall Street terminology - and by the legally enforced standards of the U.S. Securities and Exchange Commission-is anyone who, by reason of being an officer, director or major stockholder of a corporation, can get advance information that might affect the firm's stocks. Thus insiders are required to file regular reports of their stock purchases with the SEC; the commission closely scrutinizes such reports to make sure that the insiders have not profited by information unavailable to outsiders, meaning the general public...
...research and development, the Six would remain "the principal importer of discoveries and the leading exporter of intelligence," said the committee, and "condemn themselves to a cumulative underdevelopment which would soon make their decline irreversible." The report also urges less consumer spending and more private and public investment, a firm defense against inflation, and indicates that higher taxes may be needed to achieve these goals...
...long, dramatic operation. The post-mortem examination showed why. Part of a clot, found in the left auricle during surgery, had evidently broken away, traveled to DeRudder's brain, and blocked a major cerebral artery. Surgeon DeBakey was buoyed by the fact that the pump's own firm but gentle action had created no clotting problems, though DeRudder had had them earlier...
...plans are due to bullish business. The company has been so successful with its third-generation System/360 that there is now a two-year backlog in orders. IBM wants to speed up deliveries and thus make the 360 even more attractive to future customers; at the same time, the firm needs additional capital because most users take their computers on lease and IBM must write off the cost over a four-to six-year period. Because it intends to spend another $1.5 billion on new facilities and for computer manufacture this year, but is down to $665 million in cash...
...change of management from the elderly Valletta to the next-generation Agnelli might mean a difficult adjustment for some old hands at Fiat, but Agnelli says, "There's going to be no shock at all." Although he now acquires operative control of the firm, he already had financial control as head of the family holding company, I.F.I., which owns 25% of Fiat stock. Agnelli became a vice president of Fiat in 1945 and then a managing director in 1963, all the while swinging socially with an easy smile and a classic Roman profile. The skiing and boating...