Word: sec
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Dates: during 1950-1959
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This time, sick as he was, Willie outran his luck. On the same fast track where Jesse Owens raced off with the 1936 Olympic Games (in the unhappy presence of Adolf Hitler), Private Williams slammed off the starting blocks and sprinted to the tape in 10.1 sec., an impressive one-tenth of a second faster than Owens' own 100-meter world record. Others had equaled Owens' mark; none had ever broken it. Even Willie could hardly believe the stop watches...
...NIGHT PROMOTERS will find it harder to float stock under new SEC rules. Commission, which formerly exempted stock issues of $300,000 or less from its full-disclosure regulations, will withhold exemption from all brokers with record of SEC violations, require more detailed information on small issues of new companies that showed no profit in one of two previous years...
...sharp and sudden. By playing those unpredictable elements shrewdly last week, Nicholas J. Geib, 39, a manufacturer of musical-instrument cases, brought home his nimble 39-ft. yawl Fleetwood through the Straits of Mackinac to lead the 63-ship fleet on corrected time of 40 hr. 10 min. 3 sec. (His actual time: 51 hr. 13 min. 17 sec...
MYSTERIOUS CAPITAL from abroad, possibly from Iron Curtain nations, is worrying SEC Chairman J. Sinclair Armstrong. Large amounts of foreign funds are coming into U.S. from Swiss and Canadian banks, which keep sources secret (accounts are known only by number). Possibility that Iron Curtain investors might try to gain secret control of vital U.S. corporations, says Armstrong, "is a matter of great concern...
Plans for the issue, A.T. & T.'s first stock offering since 1930, are contingent on stockholder approval of a proposal to increase authorized stock from 60 million to 100 million shares. But approval by both the stockholders and SEC is a virtual certainty. Last year A.T. & T. spent a record $1.6 billion in expansion. President Cleo F. Craig expects the total to top $2 billion both this year and next...