Word: ownership
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Dates: during 1960-1969
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...weeks ago, Gordon's successor as Finance Minister, Mitchell Sharp, added bite to that bark by introducing a bill in Parliament that would have the effect of prohibiting any Canadian bank with more than 25% foreign ownership from having more than $200 million in assets. If it is passed, which is far from certain, the bill would immediately apply to only one institution: the Mercantile Bank of Canada (assets: $222 million), which is wholly owned by New York's First National City Bank. For the future, another provision of the legislation would also effectively bar any other foreign...
...with the lucrative transatlantic trade for several years. Then, characteristically, Hughes ordered so many jets that even his fabulously profitable Hughes Tool Co. could not meet the bill. While he still could have done so, Hughes brushed off proposals that he give up a small part of his 78% ownership of TWA to raise money. In the end, forced to borrow $165 million or face receivership, he had to surrender operating control of TWA to the Metropolitan and Equitable life-insurance companies and a group of 15 banks. Hughes placed his stock in a ten-year voting trust controlled...
...many towns where Newhouse tries to take over a paper, its ownership is likely to be downright hostile. In Mobile, he was warmly received. The majority stockholders had been disturbed by paltry dividends, and they resented the hammer lock held on the papers by the local management. The stockholders were even more irked when management tried to squeeze the nearby Pascagoula Chronicle out of business...
...talk about race goals, Hudgins is a businessman first and a Negro second, and there is little evidence to show that Freedom National has had any substantial effect on Negro ownership in Harlem. The bank has made one large loan, for the purchase of a large furniture store in Harlem by a Negro businessman. This purchase is significant because most Negro businesses are small, service-oriented firms such as beauty parlors and liquor stores. But reliable sources indicate that Freedom National's loan policy and loan rates are not significantly different from those of any other bank in Harlem. Half...
...talk about race goals, Hudgins is a businessman first and a Negro second, and there is little evidence to show that Freedom National has had any substantial effect on Negro ownership in Harlem. The bank has made one large loan, for the purchase of a large furniture store in Harlem by a Negro businessman. This purchase is significant because most Negro businesses are small, service-oriented firms such as beauty parlors and liquor stores. But reliable sources indicate that Freedom National's loan policy and loan rates are not significantly different from those of any other bank in Harlem. Half...