Word: ling
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Dates: during 1960-1969
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...DONALDSON: MR. SHING-A-LING (Blue Note). Following the success of his Alligator Bogaloo, Donaldson now applies his jazz alto, accompanied by trumpet, organ, guitar and drums, to such recent familiars as The Shadow of Your Smile and Ode to Billie Joe. Since he never wanders far from the melody on these tunes, those who get lost easily in jazz improvisation need not fear for their direction. More venturesome listeners may feel that Donaldson has settled for a too-safe format...
...American Bankers Association President Howard Laeri, "may turn out to have more ambition than talent." Such fears were quickly reflected on the stock market. Last week Litton's common stock, which sold for over $120 a share last October, closed at $73.37. Other conglomerate stocks, including Teledyne and Ling-Temco-Vought, also dropped sharply...
...reported that Britain's November trade deficit was the worst in history: $530 million. The bad news dropped the minipound last week to the lowest level of its short life- $2.4005- and sparked a fresh round of gold buying on the London market and new speculation against ster ling. It was small satisfaction that the French, who have done their share of speculating against the pound in Brit ain's recent troubles, suddenly found themselves tarred by the same brush: ru mors of a devaluation of the franc plummeted France's coin of the realm 21 fractional...
...Robert S. Stevenson and Shumway, who was attending a Notre Dame football game in South Bend, Ind. Signal's purchase price figures to be worth about $45 per share of Allis-Chalmers' common (last week's closing: $38.75), considerably less than the $55-$60 estimate that Ling put on his final offer. That could mean trouble for Allis-Chalmers, which has already been hit with a stockholders' suit challenging the rejection of Ling's offer; one party that expressed displeasure with the Signal get-together was Kleiner, Bell & Co., a Beverly Hills, Calif., brokerage firm...
...Stevenson had some compelling reasons for preferring to team up with Signal. For one thing, unlike Ling's combination offer of stock and cash, the deal with Signal is expected to be taxfree, since it involves a straight exchange of stock. Just as important to Stevenson's 121-year-old company is Signal's promise that it will operate as an independent subsidiary-and so retain its corporate identity...