Word: mutuals
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Dates: during 1960-1969
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...Ohio and Baltimore & Ohio, still has $27 million worth of Missouri Pacific Railroad stock. Now there is more green in other pastures. Alleghany's biggest single holding, worth $2.6 billion, is Investors Diversified Services, a management firm that oversees five investment companies, including the world's biggest mutual fund. Alleghany has also invested in real estate and life insurance companies. What Kirby and Ireland want to do is to free Alleghany from its railroad ties and put its money to more use in these other areas...
...Pretty Sleepy." It used to be that Hoving worked under Jarman for Genesco, and headed both Bonwit Teller and the then Genesco-owned Tiffany. The two men developed a strong mutual antipathy, and in 1958 Jarman pointedly noted that Hoving was four years short of Genesco's mandatory retirement age, suggested that he start thinking about grooming a successor. Hoving sat tight until 1960, when Jarman finally kicked him out of Genesco. The following year, Hoving got control of Tiffany as head of a syndicate that bought the jewelers from Jarman...
...declaration proposed five factors represent United States policy should be based; the People's Republic of China is a fact of international politics; it is committed to a policy of hostility United State; this country can hope to lessen the hostility by a willing-explore areas of mutual interest with Peking; the Nationalist Chinese regime has a future only as the government an, not of mainland China; the problem for the United States in Asia is to help Asian countries improve economic and social situations...
...which is as good as an 8% stock dividend return to an investor in a high-tax bracket. The current struggle in Wall Street's market is not between bulls and bears, but between stocks and bonds. Calling some important turns are the faceless but formidable institutions-mutual funds, pension and profit-sharing funds, insurance companies and banks -which account for about 31% of all trading on the major exchanges. Now they are socking more and more of their millions into the high-yield, no-risk bonds. In the past four months, Pittsburgh's Federated Growth Fund...
...consequences of the Harvard system of the freshman year in the Yard, and then three years in a House, is a prolonged period of uncertainty, and perhaps anxiety, as to House assignment. A major advantage of the system is that it provides the opportunity for the mutual selection of roommates for the following three years. They may be, but more often are not, those assigned for the freshman year. It is recognized that the first priority in House assignment is to avoid separating such groups...