Word: million
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Dates: during 1940-1949
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...building fund, a Wall Street banking group raised $11 million. The New York Central put up the land and with the New York, New Haven & Hartford Railroad another $10 million more. (As a big New York Central stockholder, which now gets a yearly rental for the land on Park Ave., Mrs. Cornelius Vanderbilt, grande dame of Manhattan's social world, will, in effect, be one of Connie Hilton's new landlords...
...Campaign. Though the new hotel's fame quickly spread, it has never been a big moneymaker. In its first ten years it lost $12 million. Last year, the Waldorf managed to net $657,981 on a gross of $18.7 million. But the profit percentage is slipping. For the first eight months of 1949, the Waldorf grossed $11.8 million, netted only...
...which has always proved a friend in need for Henry Kaiser, came through last week with a $34.4 million loan for Kaiser-Frazer. RFC said some of the cash would be used to tool up for a complete line of cars. (K-F now makes only four-door sedans.) Detroit also heard that about $5,000,000 would be used to turn out a car for under $1500 to challenge Ford, Plymouth and Chevrolet. Henry Kaiser, who has paid back $67.6 million of his federal loans, now owes the government $149.8 million...
...time, Lever Bros.' Missouri-born President Charles Luckman has been itching to move his headquarters out of tree-shaded Cambridge, Mass. He wanted to take his staff down to New York, to the market place, where it would be close to the advertising agencies that spend some $12 million of Lever money every year. He also wanted to build a new $6,000,000 Lever House and gather the top management of Lever and its three U.S. subsidiaries under one roof...
With such mock solemnity Wall Street marked the passing of Commonwealth & Southern Corp., the giant utility holding company now finally dissolved under the Holding Company Act. For years. C. & S.'s low price (generally about $5 ) and large amount of common shares outstanding (more than 33 million) had made it a volume leader on the big board and a rich source of commissions for brokers. C. & S. preferred and common stockholders will get shares in four utility companies, with a listed total of only 20 million common shares...