Word: sec
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Dates: during 1950-1959
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...Czechoslovakian Army who holds every distance-running record from six miles to 30,000 meters, wiped out a threat to his supremacy. In Russia last month Soviet Runner Albert Ivanov claimed to have cut more than a minute off Zatopek's record time (1 hr. 19 min. 11.8 sec.) for the 25,000 meters. In a race near Prague last week, Zatopek covered the distance in 1 hr. 16 min. 34.6 sec., slicing nearly a minute off Ivanov's unofficial time...
SALE OF FORD STOCK will be announced within the next few weeks by the Ford Foundation, which is winding up final details with the Internal Revenue Service and the SEC. The stock offering could hardly come at a better time: the annual Ford Motor Co. balance sheet filed with the Commissioner of Corporations of Massachusetts, the only state where Ford is required to do so, shows that the company's 1954 surplus rose by $144.2 million, giving Ford estimated earnings of at least $40 per share (plus dividends) on the basis of 3,452,900 shares outstanding...
Photoelectric eyes and electronic machines automatically tot up toll charges (top: $3 for an auto, $30 for a 40-ton truck). The 16 service plazas provide both king-size picnic areas and kid-size playgrounds. All signs have 16-in. letters legible at 900 ft.-enough for a 9-sec. reading at 65 m.p.h., the speed limit. All bridges have been built as separate twin structures; in all, overpasses span four major rivers, 38 streams, 41 railroad crossings and 282 other roadways. Result: a saving of nearly 3½ hours' driving time across Ohio...
...SEC and Commerce Department reported that new plant and equipment outlays would total $7.3 billion in the final three months of this year, the best quarter of the year. The estimated 1955 total: $27.3 billion, only 1% under record...
PROXY FIGHT for control of Libby, McNeill & Libby was won by the old management, hands down. Biggest help came from the SEC. In an unusual move, it barred the votes of the independent stockholders group because of "false and misleading statements" and because it did not fully disclose its membership; thus the Libby management's nine-director slate was elected without contest. Meanwhile, the independents filed an appeal to have the ruling set aside...