Word: parente
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...American Telephone & Telegraph Co. "With no letup in activity," announced A.T.& T. President Frederick R. Kappel, the Bell System's second-quarter operating revenues totaled $1.6 billion, with a net income of $208.5 million, both about 10% better than last year and both new records for the quarter. Parent A.T.&.T.'s net alone climbed to a record $167.9 million v. $153.2 million in 1956, might soon be even higher. Said Kappel: "At present, the rate of earnings on the capital invested in the Bell System is 6.8%. We are convinced that the rate should be higher...
...debt. Like a nine-lived cat, I.T. & T. was saved when the U.S. went off the gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...
...campaign was organized by the International Union but the present drive is being conducted entirely by the Local, with half of the expenses borne by the parent organization. Local 254, the largest in the International, has a $40,000-50,000 treasury, part of which is reserved to finance organizing work...
...Salle's and Stahl's shares at about a share (giving each roughly a $25,000 profit), Marcus' shares at about $7 each. Roth, who with his new directors has already lent the corporation another $1,500,000 and worked out financing for most of the parent company's $4,365,000 bank debt, will be Hoffman's new president. Stahl resigned ("I plan to buy another company"), but Marcus and Di Salle will keep their jobs...
...federation's detailed listing of charges indicated that as far as the parent AFL-CIO is concerned the Teamsters will have to dump Beck, Brewster, Brennan and perhaps a number of other officers under fire...