Word: sells
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Dates: during 1950-1959
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...Supreme Court had ordered the separation under the trustbusting Clayton Act (TIME, June 17, 1957) and sent the case back to Judge LaBuy to decide the details. He firmly rejected the Justice Department's demands that Du Pont distribute two-thirds of its G.M. holdings to its shareholders, sell the other one-third on the open market over a period of ten years. Such a plan, said the court, would have a "serious impact on the market value of the stock of General Motors and Du Pont" and thus would cause "substantial losses to the many thousands of holders...
Harsh & Punitive. It was clear to LaBuy that the Government's plan would depress Du Pont stock by eliminating the huge dividends that the company is paid by G.M. (1958 total: $116 million). By forcing Du Pont to sell 2,000,000 G.M. shares yearly, it would also flood the market with G.M. stock, depress the price of G.M. More important to LaBuy was a ruling by the Internal Revenue Service that any G.M. shares spun off to Du Pont stockholders would be taxed at the full market value as ordinary income...
...British Motor Corp.'s Austin Seven and Morris Mini-Minor, two "baby cars" that have 34-h.p., four-cylinder engines mounted laterally and front-wheel drive. Capable of 70 m.p.h. top speed, the new ultra-small cars run 45 miles on a gallon of gas, will sell for about...
Chrysler's Dodge division introduced eleven models in the Matador and Polara series for its regular line and the new Dodge Dart, which will sell for only $15 more than the Plymouth...
...Jasper quickly built up a small investment bank, joined forces with another Berlin refugee, a sharp lawyer named Friedrich Grunwald. Operating H. Jasper & Co., the two began to move fast, using the take-over expert's favorite tactic: after acquiring the controlling shares of a company, they would sell off its property, lease it back, use the cash acquired to buy more companies. H. Jasper & Co. gathered up blocks of apartment houses, movie theaters, billiard halls and a tannery, raked in high profits from one speculative deal after another...