Word: mergers
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Dates: during 1950-1959
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Almost from the start, the Syrians had had second thoughts about their impulsive merger. The job of whipping Syria into line was given to Interior Minister Abdel Hamid Serraj a ruthless local strongman who had wholeheartedly committed himself to Nasser. Serraj clapped hundreds of Communists into jail, tortured "recantations" out of hundreds more. He helped to reduce the once-powerful Baath Party to impotence,* slashed the number of Damascus dailies from 24 to a docile seven. But for all his secret agents, Serraj was still unable to dissuade his own country from its conviction that the union meant only economic...
...wife of a House Master, Mrs. Owen has become knowledgable with the concerns of the House. She knows about the problems of the Comstock-Winthrop merger, can tell you what Winthrop boys play on what teams, and has though up some answers to give Sophomores who ask about Sophomore slump...
...rumor that the New York Journal-American (circ. 599,536), biggest afternoon paper in the Hearst chain, was selling out to Scripps-Howard's afternoon New York World-Telegram and Sun (circ. 450,486). The rumor gained currency in the light of two major Hearst and Scripps-Howard mergers: last year's merger of Hearst's money-losing International News Service with Scripps-Howard's United Press, and last summer's union of Hearst's unprofitable San Francisco evening paper, the Call-Bulletin, with Scripps-Howard's equally unprofitable News...
...MERGER PROPOSAL has been approved by directors of photographic equipment maker Bell & Howell (1958 sales: $59 million). Plan, subject to stockholder approval, calls...
...Morgan & Co. was in tenth place among New York commercial banks and 28th in the U.S. It was hard pressed for enough money to lend its rapidly increasing number of customers. Then Alexander pulled off a coup that Wall Street dubbed "Jonah swallowing the whale." He worked out a merger with the much larger Guaranty Trust Co., became the head of the fifth largest U.S. bank.-Overnight his bank's capital funds jumped from $89 million to $512 million. Now Alexander is expanding his business and, as an adviser to the U.S.Treasury and a director of the Federal Reserve...