Word: investor
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Dates: during 1960-1969
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...carefully laid industrial mosaic that since 1950 has run up an enviable record of twelve consecutive yearly increases in both sales and profits. Last year sales of FMC's 14 divisions soared to $415 million; in the first half of this year they climbed another 32%. The investor who owned FMC stock worth $4 a share in 1932 would find it worth $644 today...
...assets, and by the end of last week were down to $19.1 billion. Their overall drop of 17.3% was less than the 21% decline of the Dow-Jones industrial average in the same period, but was no better than the performance achieved by many a well-informed individual investor...
Grass Roots People. So far, the shock waves of Blue Monday do not seem to have significantly weakened investor confidence in mutual funds. Though total mutual fund sales dropped from $292 million in May to $219 million in June, redemptions of fund shares fell during the same period from $121 million to $107 million...
Died. Erwin Service Wolfson, 60, co-founder and top executive of Diesel Construction Co., an Ohio pantsmaker's son who became a prime mover in the skyscraper boom that has altered Manhattan's skyline, topped off his career as contractor and investor with the world's largest commercial office building-the 59-story, $100 million Pan Am Building; of cancer; in Purchase...
What is the small investor going to do with the extra money he does not put into the market? Since stock prices began to skid six months ago, many people have retreated to the safety of savings accounts and insurance policies. The Federal Home Loan Bank last week reported that in the first quarter of this year, savings of all kinds climbed a record $8.9 billion to nearly $346 billion. Other investors, reluctant to leave the excitement of the market altogether, have been turning to mutual funds in the hope that professional investment management will see them through...