Word: firming
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Dates: during 1950-1959
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Globe's business is profitable; the firm sells some 100,000 copies a year, mostly to schools, of its 50-60 condensations. Globe, and half a dozen other firms that make such condensations, will go right on selling them, despite Classics-Crank Smith's outcry at the "preposterously arrogant assumption . . . that the adapter somehow knows how to write the book better than did the original author." And youngsters will go right on believing, quite erroneously, that they have read Two Years Before the Mast or A Tale of Two Cities or Moby Dick...
...Under SEC rules, shareholders are not obliged to report stock transactions unless they own 10% of the outstanding stock or are officers or directors of the firm...
...major antirecession move, the nation's largest steel producer last week plunked down another hefty bet on the future. U.S. Steel Corp. announced plans to raise $300 million through debentures in mid-July. The bond offering will rank among the largest ever made by an industrial firm, equaling Big Steel's in 1954 and issues floated by General Motors in 1953 and General Electric in 1956. Said Robert C. Tyson, chairman of Big Steel's Finance Committee: "The purpose of this is to add money to our funds to restore working capital that we have used...
...division, Aerojet-General Nucleonics, is about the most successful of all. Founded two years ago to study the application of nuclear energy to rocket propulsion, it soon went far beyond. The division, says President Kimball, has sold more nuclear reactors for commercial and research use than any other U.S. firm, will soon have 15 around the U.S. at $95,000 per copy...
Born. To William Zeckendorf Jr., 28, son and vice president to the thegn of Manhattan's Webb & Knapp real estate firm, and Gurie Lie Zeckendorf, 28, daughter of former U.N. Secretary-General Trygve Lie: their first child, a son; in Manhattan. Name: William Lie. Weight...