Word: investors
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Dates: during 1960-1969
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...arms over the $25 million in losses that 20th Century-Fox Film Corp. has shown on its movie productions in the past two years and the $10 million more expected this year, Wall Street investors last week tried to oust Fox's President Spyros P. Skouras, 68. But the wily movie magnate outfoxed his foes with a "compromise'' settlement that put in, as executive committee chairman, Skouras' "very, very close associate" William Michel. Fingering a chain of yellow amber beads (which he uses to allay his craving for cigars), Skouras attributed his company's losses...
Though Dr. Hamlin believes that "voluntary agencies provide a principal means through which private citizens may act for the betterment of their nation, their communities and their fellow men,'' he concluded that "the public as the investor in an agency has the right to know the facts. The agency as the recipient of public funds has the duty to disclose fully to those who invest in its activities . . The predominant desire of the agencies too frequently is for self-aggrandizement and self-perpetuation to the detriment of overriding public interests. It does not take over 100,000 voluntary...
...quotation boards. Last week Hirschfield had bullish news for his stockholders: first-half 1961 earnings reached nearly $500,000, v. a $20,000 deficit in first-half 1960. A Wall Street office boy at 14, Hirschfield became vice president of a brokerage house at 20, got friendly with Big Investor Charles Allen (who holds a dominant interest in Teleregister), was made chairman of Allen's ACF-Wrigley food stores before taking his new job. Hirschfield now plans to market stock boards that will include over-the-counter securities...
...forbade foreign shareholders to sell out to South Africans, prohibited South Africans from buying stock abroad. Since no sane foreign investor is likely to risk his money in the future on such a oneway street, South African industry will now have to rely solely on the nation's already pinched capital market for new funds. The announcement came only two weeks after South Africa had inserted a lavish, 24-page booklet into the Sunday New York Times, advertising its "favorable investment climate" and pointing out the bargains available, since "stocks have reached new highs on every exchange...
...that it was legally permissible for the Government to offer long-term bonds at a discount provided the coupon interest rate did not exceed 4¼%. Thus, a long-term $1,000 bond could be sold for $950, with the $50 discount in effect boosting the yield to the investor to more than 4¼%. Since bond yields in this year's easy-money market are down to about 3%, the Administration's maneuver was primarily designed to make it easier for the Government to borrow in future tight-money periods...