Word: investor
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Dates: during 1960-1969
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...help lure back some of the country's moneywise mulattoes-as well as other investors and tourists-Papa Doc called a rare press conference last month in his palace in Port-au-Prince. "It is urgent," he said, "for every Haitian-wherever he is-to come home and work with the President and Cabinet and with every foreign investor that Haiti needs for its development. The Haitian soil belongs to every Haitian." The "explosive stage" of his revolution was over, Papa Doc promised, and now Haiti was entering the more humane "administrative stage...
...governors of both Amex and the Big Board are disturbed by the turn. To head off speculation, they tried earlier this year a series of moderate directives. On certain speculative stocks-28 on the New York Exchange, currently, and six on the American-"stop orders," the device by which investors can automatically lessen losses by selling out when stocks drop to a pre-set figure, were ruled out. On some stocks (21 on the Big Board and 13 on Amex) special margin requirements were set. American Exchange President Edwin D. Etherington last week reminded investors that "it is important...
BELGIUM offers the American investor an outlook that is "excellent-perhaps the best in the Common Market." The Belgian government "actively solicits U.S. investments which will meet the Belgian need for more technical know-how." Foreign investors are offered a series of incentives, including the lowest corporate taxes in the Common Market. Belgium especially wants the U.S. to bring in electronics, precision op-ticals, nonferrous metal and chemical businesses...
...almost immediate result, Merrill Lynch, Pierce, Fenner & Smith boosted its rates for margin loans from 6½% to 6¾% for small investors and from 5¾% to 6% for big ones. Most important, from Wall Street's viewpoint, tight money has made bonds more attractive than at any time since 1921. Many a $1,000-par medium-grade corporate bond is selling close to $900 and yielding about 6% ; some tax-free municipal bonds pay interest of 4%, which is as good as an 8% stock dividend return to an investor in a high-tax bracket. The current...
...offer was not only financially intriguing-$15 million for 18% of a company that has not paid a dividend in a decade-but it came wrapped in mystery. On behalf of an unnamed investor, the venerable Manhattan investment-banking firms of Lehman Bros, and Lazard Freres announced that they would pay $30 a share, $3.25 above the market price, for up to 500,000 shares of Studebaker Corp...