Word: ponts
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Convinced that their 44-year-old marriage involved a "tendency'' toward monopoly, the U.S. Supreme Court last week forced a divorce upon two of the nation's industrial giants. In a 4-to-3 decision, the court directed E. I. du Pont de Nemours & Co. to divest itself within ten years of its 63 million shares of General Motors stock, worth about $2.8 billion at current market prices. The decision was the climax of a twelve-year legal struggle. A lower court had earlier ruled that Du Pont could hold onto its G.M. shares provided it gave...
Hardship Case. "Unfortunately," says Du Pont President Crawford Greenewalt, "the burden of the Supreme Court decision falls not on Du Pont as a manufacturing entity but on the stockholder." If Du Pont sold its G.M. stock on the market over the next decade, the sales would almost double recent New York Stock Exchange volume in G.M. stock every business day for the whole ten years, and would depress both Du Pont and G.M. stock prices. Alternatively, Du Pont could distribute its G.M. stock to Du Pont stockholders in place of or in addition to regular cash dividends-at a ratio...
...China ("I felt that he thought China as a problem of the future") Germany and the U.S. While exhibiting no animus" to U.S. President John F. Kennedy, Khrushchev was convinced that Kennedy would fail in his efforts to reinvigorate the U.S. economy. Why? Because, said Khrushchev, "Rockefeller" and "Du Pont" won't let him. Confided Columnist Lippmann in a wry aside to his readers: "The view that he is running the Kennedy Administration will be news to Governor Rockefeller. I should add tint Mr. Khrushchev considers me a Republican, which will be news to Mr. Nixon...
...Pont $1.85 $2.10 American Cyanamid .57 .78 Rexall .48 .42 Parke, Davis .39 .64 Dow Chemical .42 .59 Pfizer .45 .43 Union Carbide 1.12 1.40 Aluminum Co. of America .36 .56 Phelps Dodge .90 .48 Otis Elevator .55 .74 Johns-Manville .25 .55 Texas Instruments .95 .99 Minneapolis-Honeywell .61 .88 Scott Paper .81 .83 Owens-Illinois Glass 1.09 .96 U.S. Tobacco .37 .41 Gillette 1.07 .90 Western Union .36 .43 General Electric...
...German and Swedish Olympic team; and the distinction of never losing to the Russian Nationals (two ties, 4 to 4 in 1958-59; and 2 to 2 in 1959-60). This year Denver scored over four points for every one of its opponents, won games by up to 14-pont margins, and finished with a 30-1-1 record...