Word: ince
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Dates: during 1960-1969
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...President Peter Huang, says that "our approach is a little different" from other conglomerates: "We're building faster." In Scharffenberger's first 24 months, City has opened talks with more than a dozen companies, has bought its way into fields as varied as military ordnance (American Electric Inc. of La Mirada, Calif.), magazines and comic books (St. Louis' World Color Press) and steel containers (Manhattan's Rheem Manufacturing...
Died. Harold L. Bache, 73, chairman and chief executive officer since 1945 of Bache & Co., Inc., world's second largest brokerage house (after Merrill Lynch, Pierce, Fenner & Smith); of an apparent heart attack; in Manhattan. Bache started out in 1914 running trade messages for $1 a day, rose through the cotton and wheat pits to the top of his granduncle's 89-year-old brokerage house, which he expanded from 48 to 124 branches and turned into the top dealer in both commodities and mutual funds...
Connoisseur & Speculator. If that fight was a connoisseur's delight, Frazier's drubbing of Mathis was a speculator's dream. Back in 1965, a group of plungers risked $250 a share to form Cloverlay Inc., whose sole asset was Joe Frazier's punching power. Cloverlay agreed to pay Frazier's manager and training expenses, guarantee Joe $100 a week. Joe has repaid his stockholders handsomely. Some fight fans could protest that Frazier was not in the same class with deposed Champion Cassius Clay-and they might be right-yet he clearly proved last week that...
...investors have shown in our country," said Surjo Sediono, a high of ficial of Indonesia's Foreign Investment Board. He describes 1967 as the "year of promotion," when Indonesians and potential foreign investors got acquaint ed, both in Djakarta and in Geneva, at a conference sponsored by Time Inc. last November. Courting private cap ital, the new regime has returned virtu ally all foreign properties seized by Sukarno, promised tax holidays and easy repatriation of profits to all newcomers...
...Canadian manufacturers go ahead with the filter, they will pay a penny a pack in royalties to a new charitable foundation established by Strickman and headed by Robert A. Katz, secretary and counsel of Joseph E. Seagram & Sons Inc. Besides advance payments of $200,000 apiece, royalties from the two companies could eventually amount to $5,000,000 a year. And because Strickman refuses to grant exclusive licenses, the foundation could still hope to reap far bigger returns from any-or all-of the leading U.S. cigarette companies. Even Columbia would not be left out in the cold. Though...