Word: millions
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Dates: during 1960-1969
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...France, showing a facile disregard of its own campaign against "Americanization" at home, dropped its stiff capital-export restrictions, and is rapidly increasing its $247 million U.S. interest. The latest in a new wave of ventures comes from Pechiney, which last month announced plans to build a $190 million aluminum smelter in Maryland with its own 46%-owned Howmet Corp...
...Sweden and Belgium also have sizable U.S. stakes ($217 million and $193 million), mostly in oil, glass, bearings, machinery and appliances...
When should a corporate chief think about foregoing his $90,000-a-year salary? One occasion might be when he has to 1) face a meeting of shareholders whose onetime glamour stock has skipped six dividends in a row, 2) announce that sales have fallen from $81 million in the previous year to $33 million, and 3) report a $5,400,000 loss...
...phase out production of black-and-white tubes, on which he was losing money, and switch to color. In 1965, he floated a $12,095,000 stock issue to bankroll expansion. Orders for color tubes from Motorola, Admiral and other set makers poured in, rocketing 1966 sales to $89 million. Profits reached $7,300,000 compared with the previous year...
...strike against speculators in Military Payment Certificates, the U.S.-issued scrip used to pay American fighting men in Viet Nam. Colonel Richmond happens to be the U.S. military command's top comptroller, and C-day was the moment chosen for a surprise conversion in the $50 million worth of MFCs in circulation in Viet...