Word: moved
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Back. The automatic borrowing privilege is a bone offered to smaller banks, which have been easing out of the reserve network. Since 1949, the Federal Reserve System's membership has dwindled from 6,923 to 6,044. Some banks may be lured back by easier borrowing rights. Another move to cast a wider federal net would be the creation of special "seasonal borrowing privileges" for small banks in agricultural and resort areas...
...industry's second largest company ($940 million in annual sales, 27% of the market), turned into an all-American battle between Philip Morris and American Tobacco Co. With more and more of their industries being bought out by U.S. corporations, Britons were scarcely cheered to see another such move. What bothered them more was the way the takeover was handled. With the aid of two prestigious British financial advisers, Cazenove and Morgan Grenfell, American Tobacco scooped up a commanding 16.6% of Gallaher's shares by offering a select price to big shareholders. That, complained the City, violated Article...
Shades of Buck. The battle began after Imperial Tobacco, leader of the industry, decided to sell most of its 36.75% interest in Gallaher to get money for diversification. Philip Morris quickly moved in. Chairman Joseph Cullman III slapped down $110,400,000 for 50% of Gallaher's stock. Cullman's offer had two effects. Gallaher's board of directors stiff-upper-lipped it as "quite inadequate." And a major Gallaher shareholder that up to now had been satisfied with the status quo was shaken into action. American Tobacco has been a part of the market ever since...
...fast did American and its allies move that they precipitated a moral crisis in London's financial community. The City's "Takeover Board" charged that Morgan Grenfell and Cazenove had violated its code. But shortly thereafter, the board admitted that it really had no enforcement powers. At week's end the City was treated to the spectacle of an emasculated board that reversed itself and decided that the companies in question "were within the letter and spirit of the code." American had won Gallaher's. But the end result seemed likely to be the establishment...
...rules to be drawn from any of this, but film history supports one or two generalizations. Most of the great films transcend a primary level of visual reality, that of superficial "slice of life" recording and, aware of the magical power of the image to convey an absolute truth, move toward dramatic metaphor in subject and theme, in order to convey ideas that will affect us, living in the one reality film cannot reproduce. The meaning of great film exists ultimately not in the script mechanics but in the treatment of script mechanics by distinct camerawork and editing. All worthwhile...