Word: marketed
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Dates: during 1960-1969
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...persists. airlines may well have to cut back on some flights to increase operating efficiency. In this, they will be getting an extra push from the Federal Aviation Administration, which has tackled the delay problem by proposing traffic-flow limits at congested airports. Nowhere is the saturation of the market-and sky-more glaring than on the run between Chicago and New York, which, with 110 daily flights each way, is one of the world's most heavily traveled routes. United's president, George E. Keck, whose company is one of the route's prime contenders (others...
...Hialeah (assets: $10 million) and become a director of Hamilton Life Insurance Co. Though his first love was politics ("I thought the greatest thing in the world would be to be a U.S. Congressman"), Barish decided to concentrate first on making money. He took aim at a hitherto overlooked market: foreign investors eager to put funds into the U.S. but imbued with a traditional preference for real estate rather than stocks and bonds...
...million in working capital, Schenley was a tempting merger plum. As befits Riklis' guiding philosophy-described as the art of buying companies with their own money-Glen Alden is paying for Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus tap 20 years of Schenley earnings to repay most of the purchase price. Inevitably, some Schenley executives objected to Riklis' terms as a thinly camouflaged raid...
Homer's slim volume, titled The Bond Buyer's Primer, is actually a collection of 21 "lessons" written intermittently since 1961. They cover such topics as "One Hundred Ways to Say 'No' to a Bond Salesman," and "How (Not) to Explain the Bond Market to Your Wife," and Homer starts off by dividing all bond salesmen into twelve species. They include Legatus Caelestis, or Messenger from Mount Olympus, who "brings you eternal verities from on high (his firm's research department) "; Garrulus Defatigare, or Sophisticate, who bears "a bored air of nonchalance and yards...
...things the bank has to buy when there is no demand for loans; they are also things the bank has to sell when there is a demand for loans and interest rates are high. Somehow or other this usually involves a loss." As for coexistence with the stock market, writes Homer, "the bond market provides 95% of the external long-term finance necessary to business, while the stock market provides 5%. Nevertheless, while the bond market is fluctuating more or less rationally as it moves sedately from billion to billion, the stock market is going through an unending series...