Word: millions
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Dates: during 1960-1969
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...registered a 116.9% gain in net assets. Among the 20 best mutual-fund per formers for five years, Enterprise really started moving when soft-spoken Fred Carr, 36, took over its management in October 1966: under his guidance, the fund's assets have increased from less than $20 million to $250 million, and the value of a share has jumped from $3.77 to over...
...this year, U.S. corporations have floated or announced $443 million of bond issues abroad, all denominated in dollars-which meant that they could be bought only with Eurodollars. The total approaches the $497 million worth of bonds that U.S. firms sold in Europe during all of 1966; it is only a fifth less than the $527 million they sold all last year. The surge of American offerings has impelled several European borrowers to postpone their own Eurobond issues...
Understandable Error. The end is nowhere in sight. Last week a European subsidiary of International Telephone and Telegraph floated a $50 million issue. Honeywell was devising final terms for a $30 million offering to be sold later in the month, and National Biscuit Co. also announced a $30 million issue. Underwriters predict that U.S. companies will soon announce plans to sell as much as another $200 million worth. "People have been flabbergasted by the volume," says Zurich Banker Hans...
...have kept the interest bite down to 5% by making their offerings eligible for later conversion to common stock. Though conversions dilute the value of shares owned by existing stockholders, the 2% difference in interest could mean a $6,000,000 saving over the 20-year life of $30 million of bonds...
...announced it would arm 2,500,000 reservists and veterans. After Pueblo was seized last month, the U.S. began bringing its two divisions in the South up to their full 50,000-man strength, flew in planes to three Korean airbases, and promised to speed delivery of $30 million worth of military equipment designed to combat infiltration from the North. In addition, Lyndon Johnson asked Congress for an immediate military aid appropriation of $100 million -part of a $3 billion foreign aid program sent to Congress last week-to buy materiel for South Korea...