Word: manhattan
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Dates: during 1970-1979
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...firming up of the bond market, where prices have risen and interest yields fallen, making bonds less attractive than stocks to many investors. The other was a one-quarter point cut in the prime bank lending rate to 7% by Cleveland Trust Co., followed a day later by Chase Manhattan. Cheaper credit would spur economic expansion and encourage investors to borrow money to buy shares. But a sustained long-term rally will depend, of course, on the state of the economy...
...setup is likely to last until 1978, when Wood is expected to step down. Though Sears has problems, it is in generally good shape; last week the company reported that sales during the four-week period ended Dec. 27 totaled a record $1.7 billion. Analyst Walter Loeb of the Manhattan investment banking house of Morgan Stanley believes the new office will enable Sears' key officers to concentrate more intensively on sprucing up the firm's product styles, merchandising techniques and customer relations...
...fall of 1974, NBC decided to replace its timeworn symbols, the rainbow-plumed peacock and the cursive cluster of letters known affectionately as "the snake." The network retained Lippincott & Margulies, a Manhattan firm specializing in corporate facelifts. After 14 months, at a cost estimated to be as high as $750,000, L. & M. produced an abstract N composed of two trapezoids, one red, one blue. NBC is now emblazoning the N on cameras, microphones, stationery, packaging, uniforms, and office walls. Probable total cost: another couple of million...
London-born Michael Korda, 42, is a sophisticated and well-connected editor, a graduate of Oxford who rides his horse each morning in Manhattan's Central Park. But no one doubts that both are working the same side of the street...
...medical director of Time Inc. from 1947, when he organized its medical department, until he retired in 1966, and venereologist who, as president of the American Social Health Association (1969-1972), led a national effort to control the spread of venereal disease; of an apparent heart attack; in Manhattan...