Word: fortnights
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With a perfunctory acceptance of U.S. apologies, the Russians last week turned back the nine U.S. Air Force men whose C118 (DC-6A) transport got lost in bad weather, was forced down just inside Soviet Armenia fortnight before. But the U.S. moved on from apology to strong protest when it heard the shocker in the airmen's report: their unarmed transport was shot down in an unprovoked attack by Soviet MIG interceptors...
...history. On the floor, traders surged around trading posts, rushed madly from booth to booth waving order slips and shouting at the top of their lungs. The heavy trading was touched off by reports of a rich drill hole in a copper vein discovered more than a fortnight ago in the Mattagami area of Quebec by New Hosco Mines Ltd., a smalltime mining outfit. Shares of New Hosco, a longtime penny stock that sold for 17? three weeks ago, soared as high as $7.25-and took other stocks with it. At week's end. as assayers reported that...
Stuffed Pockets. The fact is that Jimmy can take care of his own troubles. Acquitted fortnight ago by a Manhattan federal court of charges that he conspired to tap the telephones of his fellow Teamster executives, Tough Guy Hoffa is gaining new strength day by day. Teamster membership is up (to more than 1,500,000), and Hoffa is setting up deals right and left with A.F.L.-C.I.O. unions, such as the brewery workers, butchers and carpenters, the effect of which is to undermine the strength of the A.F.L.-C.I.O. He even has in mind calling a new Teamster convention...
...eventful fortnight, Levant was negotiating with both CBS and NBC to go transcontinentally berserk on network next fall; he was also ranting affably with moviemakers interested in producing his screen biography. Of the recent turns in his labyrinthine career, Oscar offered a candid self-appraisal: "In some situations I was difficult, in odd moments impossible, in rare moments loathsome, but, at my best, unapproachably great...
...Fortnight ago, when Wolfson no longer owned any American Motors stock, Alexander Rittmaster, a business associate who Wolfson once said "speaks for me," told the New York Times that Wolfson had sold a quarter of the shares, still had 300,000 to go. Another Wolfson associate got out a statement the same day saying that Wolfson confirmed this. The news knocked the price of A.M.C. stock down 1⅛ points to 11⅝, and about 50,000 shares were bought for Wolfson accounts to help cover their short positions before the SEC got its court order...