Word: million
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Earl has absolute control over more than 40 state boards, departments and commissions. He holds the liquor industry under his thumb by means of a board with vast regulatory powers. He can influence Louisiana's $204 million oil industry, its $14 million sulphur industry, its $112 million lumber industry through his Conservation Commission...
Last week, the "four wise men" (as they were dubbed) submitted their suggestions to OEEC's full council. The biggest slice was to go to Britain (more than one and a quarter billion dollars); next was France (about $1 billion) ; Italy (about $600 million). Most of the beneficiaries felt that the portions had been fairly worked out. Most troublesome dissenters were the Greeks (down for a reported $150 million) and the U.S. representatives of Western Germany (down for $350 million...
...passenger liners with air-conditioned cabins and the latest safety devices (radar, automatic steering controls, radios on life boats). The ships will be built at Bethlehem Steel Corp.'s Quincy, Mass, yards. Under a stepped-up program of shipbuilding subsidies (TIME, Aug. 2), the Government will pay $20 million of the $46,830,000 construction cost...
...Securities and Exchange Commission came out fighting another round with Financier Cyrus Eaton. During the four-month investigation of his ole in the Kaiser-Frazer Corp.'s $10 million underwriting fiasco (TIME, May 24), Eaton had tried to slow up SEC by ridiculing, cajoling, pleading and threatening, had finally gone into a clinch with a legal gimmick involving lawyer-client privilege. Last week SEC decided to try for a knockout. It ordered a hearing next month to decide whether Eaton's Otis & Co. should be allowed to stay in business...
...that was to be priced at $13 to the public. But Eaton, the SEC said, had tipped off dealers and customers. Result: they unloaded stock at $13.50 which they figured to buy back next day at $13 or less. That forced K-F to pay out a whopping $2.5 million for stabilization...