Word: others
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Dates: during 1970-1979
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But international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or...
On the other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.'' In this huge worldwide market, currencies can be traded almost instantly and without...
The money funds invest not in stocks or gold or commodities but in high-quality, high-interest bank certificates of deposit, commercial paper, Treasury Bills and other U.S. Government securities.
The first election of a U.S. union chief to the board of such a large company may be a symbolic victory for labor, but it will not necessarily set a precedent. Chrysler's plight makes it unique, and this is not a deal that many other companies or other...
Bankrolled in part by two West Coast millionaires, Venture Capitalist Arthur Rock and Henry Singleton, the Teledyne Inc. chairman, Apple has been able to finance its growth internally. In 1976 the company had no employees other than the two founders and $200,000 in sales; by 1978 the payroll was...