Word: morgan
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Dates: during 1960-1969
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...Morgan Guaranty subsequently bought 8000 shares of Texas Gulf. A suit filed by the SEC April 18 in Federal District Court in New York contends that Lamont violated securities laws forbidding corporate officers to capitalize on inside information...
Lamont is a director of both the Texas Gulf Sulphur Company, which made the strike, and the Morgan Guaranty Trust Company. He is charged by the SEC with telephoning word of the strike to an officer of Morgan Guaranty before the news was made public...
...been seriously suggested that Greece began to decline when it acquired too many servants. It was also suggested, long ago and no less earnestly, that the West is declining because it does not have enough servants. "Destroy the leisure class, and you destroy civilization," said J. P. Morgan, who defined the leisure class as those families who kept at least one "in help." J.P. will hardly be remembered as a dazzling social philosopher, a Spengler of Wall Street, but the question of leisure-what it is, who has it, and how to use it-haunts anyone who thinks about...
Loans. U.S. bankers have been operating overseas ever since J. P. Morgan opened a Paris affiliate in 1868, but lately they have had one big reason for widening their beachheads: the fast growth of U.S. investments overseas. The quickened pace of world trade and the spread of affluence abroad are also major attractions, and so is the acute capital shortage abroad...
Conflicts & Claims. There was no shortage of losers. Among the many firms still tied up in knots of litigation: - The banks: They have filed towering claims against American Express Warehousing, contending that it must make good the oil that its subsidiary vouched for. The Morgan Guaranty Trust Co. claims $3,273,000, the Bank of America $11.4 million, Chase Manhattan $17 million, and Continental Illinois $34 million...