Word: ownerships
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Dates: during 1960-1969
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Bowing to the outbursts, Indira was forced to trot out India's claim to Kachcha Tivu, which dates back hundreds of years to ownership of the islet by landlords on the Indian mainland. Meanwhile, in an escalation of absurdity, the Ceylonese government of Prime Minister Dudley Senanayake became increasingly persistent in its claims. Reason: a wild and highly unlikely rumor swept through Ceylon that there was oil beneath Kachcha Tivu's sand-and-coral surface...
...Newark Evening News. Time Inc. agreed to exchange roughly 325,000 shares of its common stock and take over a News mortgage debt of about $5,000,000, in return for all the stock of the Evening News Publishing Co. of Newark. The News Co., however, will retain ownership of Newark radio station WVNJ as well as the Garden State Paper...
...cities are now operating under some form of the plan, and others are considering it. Or at least they were. In Tucson, Ariz., Federal District Court Judge James A. Walsh has just called a halt to such newspaper combinations by ordering a complete divorce of mutual ownership, advertising, and circulation departments between the city's morning and afternoon papers...
Gordon was to provide more problems for Pearson in the next few years, as he became the spokesman for Canadian economic nationalism. Gordon declared that increasing American investment was reducing Canada to colonial status, and he campaigned noisily within the Pearson government for sharp curbs on American ownership. Pearson tried, mainly by doing nothing, to find a middle course between the nationalists and the internationalists. Meanwhile his Cabinet began to polarize over the issue. Gordon, apparently defeated, resigned in November, 1965, but returned to the Cabinet a year later in a new post, and quickly embarrassed his P.M. again with...
...much more than change menus. Besides making huge investments in equipment and rolling stock, he really began to diversify. He concluded the purchase of the Buckeye pipeline, which threads for 8,000 miles through eight states in the East and South. Today, Buckeye ownership makes the railroad the principal supplier of jet fuel to Kennedy International Airport through a pipeline laid under New York harbor. Already well-stocked with real estate through its rail-related holdings, the Pennsy spent some $80 million to get more. It bought into Arvida Corp., Great Southwest Corp. and Macco Realty Co., which deal...