Word: millions
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Dates: during 1960-1969
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...remnant of their rose-growing business near Lyon. Now, with royalties pouring in from the U.S., they were able to buy a chunk of expensive land on the Riviera and make a fresh start. In less than a decade, the Peace rose was blossoming on some 30 million bushes throughout the world. "How strange to think," wrote Francis Meilland in his diary, "that all these millions of rosebushes sprang from a tiny seed no bigger than the head of a pin-a seed we might so easily have overlooked or neglected in a moment of inattention, or which might have...
Price also seemed to be the key reason behind the choice of engines for United's DC-10s. All the planes to be built by Lockheed will be powered by British Rolls-Royce turbines. United, however, opted for General Electric's CF6/36 turbofan at slightly over $2 million per plane, putting the U.S. enginemaker a bit below Rolls. It is a price that may well move American to choose G.E. engines...
...Boise Cascade Corp. subsidiary that ranks among the nation's five largest residential builders. Since taking over the place a year ago, Watt has renamed it New Bellehurst, refurbished many of its wrecked houses, redesigned others, sold 116 homes for $4,500,000. Having risked $21 million to buy the property out of receivership, Watt expects to wind up in a few years with a tidy profit and a stylish $48 million community of 2,000 homes, 400 apartments, a shopping center and industrial park...
...strike was settled, Jones was unable to resume construction. The Federal Home Loan Bank Board cut him off from further funds by seizing control of his money supply, the Long Beach Federal Savings & Loan Association. The S & L was accused of "unsafe and unsound" practices-notably a $17 million loan on Bellehurst. Litigation dragged on endlessly amid accusations of inflated appraisals, dubious sales contracts and an unrecorded loan...
Last week, for example, the Weyerhaeuser Co. teamed up with the Palo Alto, Calif., home-building firm of Brown & Kauffmann to start an $18 million residential community on the San Francisco peninsula at Los Gatos. Weyerhaeuser will invest more than $3,000,000 in its first venture in home building, and split profits with Brown & Kauffmann. Most of the money is to be borrowed from Metropolitan Life Insurance Co. at a rate (71%) well below that which the home-building firm might itself have had to pay. Though small companies still dominate the housing business, the trend is running clearly...