Word: loan
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Dates: during 1960-1969
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...lift? asked the Bristol-Myers man. Thanks, said the mayor and he climbed aboard. Then the city's Democratic politicians heard about the ride. They remembered that Section 1106 of the City Charter forbids city employees to accept "any valuable gift" in the form of a "service, loan, thing or promise" from anyone doing business with the city. And they were quick to point out that Bristol-Myers had sold New York $859,000 worth of drugs last year. Before long there were editorials in the papers and demands for a Board of Ethics investigation-which is just what...
Added Crunch. Beyond that, administrators of the Government's federally insured student-loan program can already see the bad news reflected in a spurt of new loan applications. The added crunch comes at a time when tight money and the failure by Congress to adjust the loan program to the current money market threaten thousands of college and university students...
Annual interest rates on Eurodollars have fallen to 11 % from a peak of 13% , which was reached for a day or two in the second quarter. U.S. banks had been borrowing huge quantities of such dollars on deposit in Europe in order to meet their loan commitments at home. Lately the banks' appetite for such deals has been declining. Of more immediate interest to consumers, mortgage interest rates have declined ever so slightly. Mortgages auctioned off to private investors last week by the Federal National Mortgage Association brought an average yield of 7.8%, down from a peak...
...Chicago-based owner of a group of life-and casualty-insurance firms, completed acquisition of The Larwin Group Companies, a California housebuilding combine that took in revenues of $50 million in 1968. Larwin President Lawrence Weinberg and CNA Chairman Howard Reeder began by discussing a $20 million CNA loan to Larwin but wound up negotiating a merger instead...
...Smart shoppers may also save by declining a dealer's offer to make arrangements for "on-the-spot financing." Chances are that the bank pays the dealer what amounts to a "finder's fee" for lining up the loan. The fee often amounts to $100 on three-year loans, or enough to compensate the dealer for some cuts in the price of the auto. Buyers aware of such special ties between dealers and their banks may be able to bargain for a better sales price or simply make their own loan arrangements...