Word: ownership
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Dates: during 1970-1979
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...transaction that formerly entailed a $39.60 commission can be effected for $32.51. But for those who avail themselves of these cheaper rates. Merrill Lynch imposes stiff requirements designed to cut its own costs. Stock certificates must be held by the firm to avoid the paper work of transferring ownership; no credit or margin purchases are offered; customers must send their cash or stock in advance instead of being granted the usual five-day grace period to pay up. To eliminate the expense of executing many small transactions, Merrill Lynch fills most cut-commission orders in a bunch at the opening...
...Boston school committee's offices. In May 1964, activists discovered that Harvard was the largest single share-holder in the holding company that owned Mississippi Power and Light, whose board of directors included several members of local white Citizens' Councils--it was the first time Harvard's stock ownership had been controversial, but it wouldn't be the last, even for the same holding company, Middle South Utilities...
...issues, refused to give Heath good targets. For instance, "nationalization" was never mentioned in the Queen's speech, though Labor's election manifesto had promised to nationalize many of Britain's major industries, including shipbuilding, trucking and construction. The only reference to an extension of public ownership was a cautiously worded promise to crack down on property speculators...
Carol Foelak, attorney for the FCC, said yesterday in Washington that if a hearing is scheduled, Family Radio Inc. will probably bow out of ownership instead of facing a long court battle...
...business and political climate that oilmen have ever experienced. The world's voracious energy demands have combined with Arab embargoes and production cutbacks to create a shortage the end of which no one can foresee. Politically, governments in the Middle East, Africa, Asia and Latin America are asserting ownership rights to more and more of the petroleum pumped out by the "seven sisters" of world oil: Exxon, Royal Dutch/Shell, Texaco, Mobil, Gulf, Standard of California and British Petroleum. By the 1980s, the international oil companies could become mere contractors in much of the world, pumping oil that host-country governments...