Word: mergers
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Dates: during 1960-1969
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...morale is down in the dumps. Editor Richard Peters has gone on vacation, and staffers doubt that he will return to work. One staffer after an other has left for another job. At the Journal-American, reporters are calculating their seniority and worrying about whether they can survive a merger. The word is out that peripatetic Editor John Denson is getting ready to move once more. In the city room of the Herald Tribune, reporters long hardened to the possibility that the paper itself might not survive are beginning to nurse a new nervousness that was not eased three weeks...
...Merger Drive. Europeans are not likely to see a Siddeley-Messerschmitt or a Rolls-Fiat company for some time, but, mergers within the British aviation industry itself are in the offing. The government hopes to induce a merger between the two big airframe manufacturers, British Aircraft Corp. and Hawker Siddeley, and perhaps even to try to unite the two proud jet engine builders, Rolls-Royce and Bristol Siddeley. The combined companies presumably would be able to lift productivity, which is only one-third as high as in the U.S. aerospace industry, and two-thirds as high as in the French...
...Metropolitan District Commission, the result of the merger of the MSD and some other area authorities, has almost completed a 20-year, $105 million project to eliminate pollution from Boston Harbor and the overflow pollution of the Charles River. The MDC has replaced the interceptors with huge new sewers which will prevent all sudden overflows into the river. Sewage will be carried to an underground chamber on Magazine Beach near B.U. Bridge. Here the stormwater will be retained and chlorinated and then discharged into the river. The rest of the sewage flow will continue through the Boston Main Drainage Tunnel...
...Switch (pop. 25), Texas, dislikes big banks, tight money and Federal Reserve Chairman William McC. Martin in about equal degree. Sympathetic to the Supreme Court, Patman stalled the revised bill for 25 weeks. When Attorney General Nicholas deB. Katzenbach wrote Patman that he favored a liberalized bank-merger law, Patman just tucked the letter into his pocket. That was too much for committee members who wanted a clarifying bill. One morning when Patman was away, a rump majority secretly met and defiantly approved a bill strengthening...
...from Potman's Switch. The bill capped a period of considerable confusion, if not chaos, in Washington over policy toward bank mergers. The problem was that, with merger applications coming in at the rate of 160 a year, the legislative branch and the judiciary were unable to agree on ground rules for approving them. The Manufacturers Hanover move, like other mergers of the time, was cleared with three regulatory agencies, the Federal Reserve, the Comptroller of the Currency and the Federal Deposit Insurance Corp. The three agencies, following Congressional dictates set down in the bank merger...